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Sheffield, Inc. has 3900 shares of 4%, $50 par value, cumulative preferred stock and 78000 shares of $1 par value common stock outstanding at December

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Sheffield, Inc. has 3900 shares of 4%, $50 par value, cumulative preferred stock and 78000 shares of $1 par value common stock outstanding at December 31, 2019. The board of directors declared and paid a $2800 dividend in 2019. in 2020, $18100 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020? Preferred Common $9050 $9050 $5300 $12800 O $7800 $10300 $12800 $5300

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