Outstanding stock of the Concord Corporation included 33000 shares of $5 par common stock and 9500 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Concord declared and paid dividends of $1650. In 2020, Concord declared and paid dividends of $16500. How much of the 2020 dividend was distributed to preferred shareholders? $6400 $14250. $4750 None of these answer choices are correct