Outstanding stock of the Kingbird Corporation included 49000 shares of $5 par common stock and 17500 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Kingbird declared and paid dividends of $4900. In 2020, Kingbird declared and paid dividends of $24500. How much of the 2020 dividend was distributed to preferred shareholders?

A.$13650.

B.$26250.

C.$8750.

D.None of these answer choices are correct.