As of December 31, 2018, Polaristic Sun, Inc. reports 5,000 shares of 10%, $50 par value, cumulative preferred stock, and 70,000 shares of $1 par value common stock outstanding at December 31, 2018 What is the stated dividend on the preferred stock? a $25,000 D. $5.00 per share c. $250,000 in total d. Both a and b are correct. QUESTION 8 Halprentiss, Inc declared a $80,000 cash dividend in the current year. It has 3,000 shares of 7%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Halprentiss distribute to the preferred stockholders? a $59,000 b. $42.000 c. None of these answer choices are correct $38,000