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The outstanding stock of ABC Company includes 4 0 , 0 0 0 shares of $ 5 par common stock and 1 0 , 0

The outstanding stock of ABC Company includes 40,000 shares of $5 par common stock and 10,000 shares of 5%,$10 par non-cumulative preferred stock. In 2024, the board of directors declared and paid $4,000 in dividends. In 2025, the board declared and paid $20,000 in dividends. How much of the 2025 dividend was allocated to preferred shareholders?
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