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Authorized shares 100,000 number of $1 par value, common shares issued and outstanding 5,000 number of $10 par value, 5% cumulative, preferred shares issued and

Authorized shares 100,000

number of $1 par value, common shares issued and outstanding 5,000

number of $10 par value, 5% cumulative, preferred shares issued and outstanding 3,000

on February 20, 2020, Super Mario Corp. declared a $9,000 dividend. Assume no dividends were declared or paid in the prior year. What amount of the dividend for 2020 will be allocated to preferred shareholders?

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