Apps Microsoft Office Ho.. Student Portal Login Login CBT Real Estate Continui... Student Portal News Dashboard voting common stock and 10,000 shares of authorized, issued, and outstanding nonvoting 5% cumulative, nonparticipating preferred stock with a face amount of $100 per share. In Year 14, Drain's officers and directors intentionally allowed pollutants to be discharged by Drain's processing plant. These actions resulted in Drain's payment of penalties. Solely as a result of the penalties, no dividends were declared for the years ended December 31, Year 15, and December 31, Year 16. The total amount Drain paid in penalties was $1 million. In ear 16, Drain was able to recover the full amount of the penalties from an insurance company that had issued Drain a business liability policy. Drain's directors refused to use this money to declare a dividend and decided to hold the $1 million in a special fund to pay future bonuses to officers and directors. Select from the option list provided the answer that best completes each statement below. Each choice may be used once, more than once, or not a Select an option below Statement Available for distribution as a dividend 1. The actions by Drain's officers and Fiduciary duty to prevent losses directors in allowing pollutants to be discharged generally are considered a Cash dividend violation of the 2. A shareholder's derivative suit, if. Fiduciary duty of care successful, probably will result in the officers Fiduciary duty of loyalty and directors being 3. A shareholder's derivative suit, if successful, probably will result in the $1 RESET CANCEL million being considered 4. If the $1 million had been distributed to the shareholders in Year 16, the distribution would be characterized as a 5. If the $1 million had been distributed in Type here to search O Hi L O + FI F2 F3 F4 F5 F6 F7 FB @ S % 2 3 5 8