11. Hardy Inc. declared a $450,000 dividend in 2021. The following information is available regarding its shares of stock: Common Stock: $5 par, 300,000 shares authorized, 75,000 shares issued, and 60,000 shares outstanding . Participating Preferred Stock: $50 par, 8%, 40,000 shares authorized, 10,000 shares issued and outstanding Question: If the preferred stock is fully participating, what portion of the total $450,000 dividend will the preferred and common shareholders each receive, respectively? A. B. C. D. E. Common Stock Shareholders $168,750 $128,750 $193,750 $153,750 $144,750 Preferred Stock Shareholders $281,250 $321,250 $256,250 $296,250 $241,250