Outstanding stock of the Nash's Trading Post, LLC included 30000 shares of $5 par common stock and 8000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Nash's declared and paid dividends of $3000. In 2020, Nash's declared and paid dividends of $9000. How much of the 2020 dividend was distributed to preferred shareholders? $5000. $7000. $4000. None of these answer choices are correct.

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