View Policies Current Attempt in Progress Outstanding stock of the Ayayai Corp. included 40000 shares of $5 par common stock and 9000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Ayayai declared and paid dividends of $8000. In 2020, Ayayai declared and paid dividends of $24000. How much of the 2020 dividend was distributed to preferred shareholders? $19500. $12500 $4500. None of these answer choices are correct.