Outstanding stock of the Cheyenne Corp, included 37000 shares of $5 par common stock and 12000 shares of 5%,$10 pur nun. cumulative preferred stock. In 2019 , Cheyenne dectared and paid dividends of $3700, in 2020 . Cheyenne declared and paid tividends of $11100. How much of the 2020 dividend was distributed to preferred shareholders? 55100 $9700 30000 None of therse answer choices are correct