Outstanding stock of the Crevusse Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par noncumulative preferred stock. In 2019, Crevusse declared and paid dividends of $8,000. In 2020, Crevusse declared and paid dividends of $24,000. How much of the 2020 dividend was distributed to preferred shareholders?
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