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Outstanding stock of the Blossom Corporation included 51000 shares of $ 5 par common stock and 18500 shares of 5%, $ 10 par non- cumulative
Outstanding stock of the Blossom Corporation included 51000 shares of $ 5 par common stock and 18500 shares of 5%, $ 10 par non- cumulative preferred stock. In 2019, Blossom declared and paid dividends of $ 2550. In 2020, Blossom declared and paid dividends of $ 25500. How much of the 2020 dividend was distributed to preferred shareholders? O $ 11800. O $27750. O $ 9250. O None of these answer choices are correct
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