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California Adventures issues 5,000 shares of 8%,$100 par value preferred stock at the beginning of 2023 . All remaining shares are common stock. The company

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California Adventures issues 5,000 shares of 8%,$100 par value preferred stock at the beginning of 2023 . All remaining shares are common stock. The company was not able to pay dividends in 2023 , but plans to pay dividends of $100,000 in 2024 Assuming the preferred stock is noncumulative, how much of the $100,000 dividend will be pald to preferred stockholders and how much will be paid to common stockholders in 2024 ? $100.000 to preferred stockholders and $0 to common stockholders $20,000 to preferred stockholders and $80,000 to common stockholders $40,000 to preferred stockholders and $60,000 to common stockholders $80,000 to preferred stockholders and $20,000 to common stockholders

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