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A corporation has 23,000 $5.00 preferred shares outstanding with a stated value of $2,700,000 Also, there are 23,000 common shares outstanding. If a $300,000 dividend

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A corporation has 23,000 $5.00 preferred shares outstanding with a stated value of $2,700,000 Also, there are 23,000 common shares outstanding. If a $300,000 dividend is paid, how much goes to the preferred shareholders? O A. $0 O B. $270,000 O C. $95,000 O D. $115,000 O E. $300,000

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