1.Wildhorse Co. has 1300 shares of 8%, $100 par value, cumulative preferred stock and 65000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?

$10400 in total.

$80 per share.

$800 in total.

$0.80 per share.

2.The following selected amounts are available for Wildhorse Co.

Retained earnings (beginning)	$3800
Net loss	230
Cash dividends declared	235
Stock dividends declared	240

What is its ending Retained Earnings balance?

$3570.

$3095.

$3470.

$3335.