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Outstanding stock of the Sunland Corporation included 41000 shares of $5 par common stock and 13500 shares of 5%, $10 par non-cumulative preferred stock. In
Outstanding stock of the Sunland Corporation included 41000 shares of $5 par common stock and 13500 shares of 5%, $10 par non-cumulative preferred stock. In 2016, Sunland declared and paid dividends of $6150. In 2017, Sunland declared and paid dividends of $20500. How much of the 2017 dividend was distributed to preferred shareholders?
| A. $12900. |
| B. $20250. |
| C. $6750. |
| D. None of these answer choices are correct. |
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