A company has outstanding 13.00 million shares of $6.00 par common stock and 2.2 million shares of $5.20 par preferred stock. The preferred stock has an 10% dividend rate. The company declares $420,000 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 $420,000, and they must also be paid $100,000 before the end of the current accounting period. Common stockholders will receive nothing. Preferred stockholders will receive $42,000 or 10% of the total dividends. Common stockholders will receive the remaining $378,000. Preferred stockholders will receive the entire $420,000, and they must also be paid $100,000 sometime in the future before common stockholders will receive anything. 0 0 o o Preferred stockholders will receive the entire $420,000, but will receive nothing more relating to this dividend declaration. Common stockholders will receive nothing