Question 21 of 60 5 > -75 View Policies Current Attempt in Progress Outstanding stock of the Pharoah Corporation included 54000 shares of $5 par common stock and 20000 shares of 5%. $10 par non-cumulative preferred stock. In 2019. Pharoah declared and paid dividends of $2700. In 2020, Pharoah declared and paid dividends of $27000. How much of the 2020 dividend was distributed to preferred shareholders O $12700 O $30000. O $10000. None of these answer choices are correct. Save for Later Attempts:0 of 1 used Submit