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Outstanding stock of the Marigold Corp. Included $2000 shares of $5 par common stock and 14000 shares of 5% $10 par non- cumulative preferred stock.

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Outstanding stock of the Marigold Corp. Included $2000 shares of $5 par common stock and 14000 shares of 5% $10 par non- cumulative preferred stock. In 2019 Marigold declared and paid dividends of $9600. In 2020 Marigold declared and paid dividende of $28800. How much of the 2020 dividend was distributed to preferred shareholders O $21800. O $16600 O $7000 O None of these answer choices are correct

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