Outstanding stock of the Sheridan Corporation included 47000 shares of $5 par common stock and 16500 shares of 5%, $10 par non-cumulative preferred stock. In 2016, Sheridan declared and paid dividends of $7050. In 2017, Sheridan declared and paid dividends of $23500. How much of the 2017 dividend was distributed to preferred shareholders?

A. $15300.

B. $24750.

C. $8250.

D. None of these answer choices are correct.