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Marigold, Inc. has 1000 shares of 6%.510 par value, cumulative preferred stock and 56000 shares of 51 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock $6000 in total $0.06 per share $600 in total $6 per share On January 1, Coronado Corporation had 90000 shares of $10 par value common stock outstanding. On June 17, the company declared a 10% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a O credit to Common Stock Dividends Distributable for $117000. O debit to Stock Dividends for $117000 credit to Cash for $117000. O credit to Common Stock Dividends Distributable for $27000, Outstanding stock of the Marigold Corporation included 19200 shares of $5 par common stock and %600 shares of 5% 510 par noncumulative preferred stock. In 2019. Marigold declared and paid dividends of $3700. In 2020, Marigold declared and paid dividends of $11700. How much of the 2020 dividend was distributed to preferred shareholders? O $8000 O $3700 $4800 None of these answer choices are correct