Question Question 1 10 points Outstanding stock of the Larson Corporation included 40,000 shares of $5 par common stock and 10870 shares of 5%, $10 par noncumulative preferred stock. In 2019, Larson declared and paid dividends of $4,000. In 2020, Larson declared and paid dividends of $12,000. How much of the 2020 dividend was distributed to preferred shareholders? (Rounding off to the nearest integer, e.g.. 32.5 33 32.4=32)

1) 4,11x,3=121