Outstanding stock of the Novak Corporation included 53000 shares of $5 par common stock and 19500 shares of 5%, $10 par non- cumulative preferred stock. In 2019. Novak declared and paid dividends of $7950. In 2020, Novak declared and paid dividends of $26500. How much of the 2020 dividend was distributed to preferred shareholders? $17700. O $29250 $9750 None of these answer choices are correct