Agler, Inc. has 10,000 shares of 5%, $100 par value, cumulative preference shares and 100,000 ordinary shares with a $1 par value outstanding at December 31, 2017. If the board of directors declares a $40,000 dividend, the Agler, Inc. has 10,000 shares of 5%, $100 par value, cumulative preference shares and 100,000 ordinary shares with a $1 par value outstanding at December 31, 2017. It the board of directors declares a $40,000 dividend, the $50,000 will be held as restricted retained earnings and paid out at some future date. preference shareholders will receive the entire $40,000. preference shareholders will receive $20,000 and the ordinary shareholders will receive $20,000. preference shareholders will receive 1/10th of what the ordinary shareholders will receive