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Amman Company has 2,500 shares of 4%, $50 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding at December

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Amman Company has 2,500 shares of 4%, $50 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid a $3,000 dividend in 2019. In 2020, S16,000 of dividends are declared and paid. What is the amount of dividends received by the ordinary shareholders in 2020? of Select one: S10,000 $8,000 $9,000 $7,000

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