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Outstanding stock of the Vaughn Manufacturing included 43000 shares of $5 par common stock and 18000 shares of 5%, $10 par non cumulative preferred stock.

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Outstanding stock of the Vaughn Manufacturing included 43000 shares of $5 par common stock and 18000 shares of 5%, $10 par non cumulative preferred stock. In 2019, Vaughn declared and paid dividends of $12900. In 2020, Vaughn declared and paid dividends of $38700. How much of the 2020 dividend was distributed to preferred shareholders? O $29700 O $21900. O $9000. None of these answer choices are correct

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