D Question 22 2 pts The outstanding stock of The Rip Torn Paper Company is composed of 10,000 shares of $50 par, cumulative preferred $5 stock, and 50,000 shares of $20 par common stock. Dividends have not been paid for the current year or the previous two years. If $240,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the preferred stockholders? $ 190,000 $ 50,000 $ 150,000 $ 240,000