The following information is provided for Bold Company for the year 2019:Preferred stock, 5%, $50 par value, 1,800 shares issued and outstandingCommon stock, $100 par value, 2,800 shares issued and outstandingDividends in arrears for three prior years (2016­­-2018)Total dividends declared and paid in 2019 were $58,000.How much of the 2019 dividend payment was paid to the common stockholders assuming the preferred stock is noncumulative?