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Outstanding stock of the Marigold Corporation included 32000 shares of $5 par common stock and 9000 shares of 5%, $10 par non-cumulative preferred stock. In

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Outstanding stock of the Marigold Corporation included 32000 shares of $5 par common stock and 9000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Marigold declared and paid dividends of $4800. In 2020, Marigold declared and paid dividends of $16000, How much of the 2020 dividend was distributed to preferred shareholders? $9300 $13500 $4500 None of these answer choices are correct

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