Outstanding stock of the West Corporation included 20,000 shares of $5 par common stock and 5,000 shares of 6%, $10 par value cumulative preferred stock. In 2018, West declared and paid dividends of $2,000. In 2019, West declared and paid dividends of $6,000. How much of the 2019 dividend was distributed to preferred shareholders? Multiple Choice $1,000 O $3.000 $7,000 O o $4.000