3) Participating preferred shares are: a. preferred shares that can be exchanged for shares of the issuing corporation's common shares at the option of the preferred shareholder. b. preferred shares on which undeclared dividends accumulate annually until they are paid. C. preferred shares on which the right to receive dividends is forfeited for any year that the dividends are not declared. d. preferred shares that the issuing corporation, at its option, may retire by paying a specified amount to the preferred shareholders plus any dividends in arrears. e. preferred shares that give its owners the right to share in dividends in excess of the stated amount or percentage of stated value. On June 30, 1993, the DEF Corporation sold bonds with a face value of $100,000. The contract rate of bond interest was 9% with interest payments on December 31 and June 30. the bonds mature in 10 years. When the bonds were sold, the market rate of bond interest was 12%. How much money did the DEF Corporation receive when it sold the bonds? a) $119,252 b) $110,042 $100,000 d) $ 82,795 prepare the accounting entry for the interest payments on both December 31 1993 and June 30 1994