Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 6%,$10 par non-cumulative preferred stock. In 2023, West declared and paid dividends of $4,000. In 2024, West declared and paid dividends of $12,000. How much of the 2024 dividend was distributed to preferred shareholders? a. $6,000. b. None of these answer choices are correct. c. $8,000. d. $14,000