Question: When a corporation started, it issued 4 0 , 0 0 0 shares of $ 5 par common stock and 1 0 , 0 0

When a corporation started, it issued 40,000 shares of $5 par common stock and 10,000 shares of 6%, $10 par non-cumulative preferred stock. Last year, it declared and paid dividends of $4,000. This year, it declared and paid dividends of $12,000. How much of this year's dividend was distributed to preferred shareholders?
Group of answer choices
$6,000
$2,400
$12,000
$10,000
$8,000

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