Previous Page Next Page Page 12 of 44 Question 12 (3 points) Outstanding stock of Nike Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Nike declared and paid dividends of $4,000. In 2020, Nike declared and paid dividends of $20,000. How much of the 2020 dividend was distributed to preferred shareholders? ( a) $5,000. Ob) $9,000. O c) None of these answer choices are correct. O d) $15,000