emaining Time: 1 hour, 58 minutes, 51 seconds. uestion Completion Status: estion 28 2 points Racer Corporation's December 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 40,000 shares authorized: 20,000 shares issued $ 400,000 Common stock, $10 par value, 4,000,000 shares authorized: 2,600,000 shares issued, 2,560,000 shares outstanding 26,000,000 Paid-in capital in excess of par value - preferred stock 80,000 Paid-in capital in excess of par value - common stock 36,000,000 Retained earnings 10,200,000 Treasury stock (30,000 shares) 840,000 Racer declared and paid a $100,000 cash dividend on December 15, 2014. If the company's dividends in arrears prior to that date were $24,00 Racer's common stockholders received $36,000. no dividend, $76,000. $44,000. loan repay app.pdf Screen Shot W 0