A company has 50,000 shares of $10 par value common stock and 25,000 shares of $10 par value, 6%, cumulative and fully participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. 24. ing that the company wishes to distribute $135,000 as dividends, the common stockholders will receive: (a) $105,000. (b) S 80,000. (c) S 30,000. (d) S 55,000. At December 31, 20X0 and 20X1, a corporation had outstanding 2,000 shares of $100 par value 8% cumulative and nonparticipating preferred stock and 10,000 shares of $10 par value common stock. At December 31, 20Xxo, dividends in arrears on the preferred stock were $8,000. Cash dividends declared in 20X1 totaled S30,000. What amounts were payable on each class of stock? 25. Preferred Stock S 8,000 (a) s 22,000 (b) 30,000 (c) S 16,000 (d) 24,000 S 14,000 S 6,000