A company has outstanding 13.00 million shares of $5.00 par common stock and 1.6 million shares of $4.60 par preferred stock. The preferred stock has an 8% dividend rate. The company declares $360,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference? Multiple Choice Preferred stockholders will receive the entire $360,000, and they must also be paid $8,000 sometime in the future before common stockholders will receive anything. Preferred stockholders will receive the entire $360,000, but will receive nothing more relating to this dividend declaration. Common stockholders will receive nothing. Preferred stockholders will receive $28,800 or 8% of the total dividends. Common stockholders will receive the remaining $331,200. Preferred stockholders will receive the entire $360,000, and they must also be paid $8,000 before the end of the current accounting period. Common stockholders will receive nothing