Outstanding stock of the Oriole Corporation included 48000 shares of $5 par common stock and 17000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Oriole declared and paid dividends of $2400. In 2020, Oriole declared and paid dividends of $24000. How much of the 2020 dividend was distributed to preferred shareholders?

$10900.

$25500.

$8500.

None of these answer choices are correct.