32 Which of the following statements is TRUE? Select one: a Dividends and interest are both expenses related to corporate financing b. The statement of changes in equity statement reports dividends declared, as well as all gains or losses on disposal of long-lived assets. c. Once a cash dividend is declared the corporation has a liability payable to its shareholders until the dividend is paid. d. Stock dividends on common shares do not affect retained earnings, Notes Assume the following share capital structure for Wolf Inc.: - Preferred shares, 6%, $25 par value, cumulative, 2,000 shares outstanding, with dividends in arrears for the years 2018, 2019, and 2020. - Common shares, no par value, 2,000 shares outstanding. Total dividends declared in 2021 were $30,000. The total amount of dividends payable to common shareholders is Select one: a. $30,000 b. $27,000. O c. $21,000. O d. $18,000