estion 21 3 points Ultimate Sportswear has $250.000 of 8% noncumulative, nonparticipating preferred stock outstanding Ultimate Sportswear also has 5550,000 of common stock outstanding in the company's first year of operation, no dividends were paid During the second year, the company paid cash dividends of $45,000This dividend should be distributed as follows: $24,000 preferred $21,000 common $20,000 preferred: $25,000 common $22.500 preferred $22,500 common $11,250 preferred $33.750 common SO preferred. $45,000 common