Outstanding stock of CavCo included 20,000 shares of $5 par common stock and 4,000 shares of 6%, $10 par, cumulative preferred stock. In 2020, CavCo declared and paid dividends of $2,000. In 2021, Cavco declared and paid dividends of $6,000. How much of the 2021 dividend should be distributed to preferred shareholders? Select one: O a. $-0- O b. $2,000 c. $2,800 O d. $1,200 O e. $2,400