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How much of the dividend was distributed

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Question - Outstanding stock of the Tamarisk Corporation included 44000 shares of $5 par common stock and 15000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Tamarisk declared and paid dividends of $6600. In 2020, Tamarisk declared and paid dividends of $22000. How much of the 2020 dividend was distributed to preferred shareholders?

a. $14100.

b. $22500.

c. $7500.

d. None of these answer choices are correct.

Reference no: EM132569022

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