Outstanding stock of the Wildhorse Corporation included 46000 shares of $5 par common stock and 16000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Wildhorse declared and paid dividends of $4600. In 2020, Wildhorse declared and paid dividends of $23000. How much of the 2020 dividend was distributed to preferred shareholders?

$12600.

$24000.

$8000.

None of these answer choices are correct.