Outstanding stock of the Vaughn Corporation included 21300 shares of $5 par common stock and 5500 shares of 7%, $10 par noncumulative preferred stock. In 2019, Vaughn declared and paid dividends of...

Question-based on, "Distributed to preferred stockholders".

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Extracted text: Outstanding stock of the Vaughn Corporation included 21300 shares of $5 par common stock and 5500 shares of 7%, $10 par noncumulative preferred stock. In 2019, Vaughn declared and paid dividends of $2500. In 2020, Vaughn declared and paid dividends of $6500. How much of the 2020 dividend was distributed to preferred shareholders? $2500 $4000 $3850 None of these answer choices are correct