Help Save & Exit Submit Waverly Company has 100,000 shares of $10 par value common stock and 5,000 shares of $100 par value 5% cumulative preferred stock outstanding. No dividends had been paid in either year 6 or year 7. Waverly Company is planning to pay a cash dividend in year 8. If the cash dividend is for $200,000 in total, how much will be received by common stockholders? Multiple Choice $200,000 $140,000 $175,000