In each of the following independent cases, it is assumed that the corporation has $750,000 of 5% preferred stock and $3,000,000 of common stock outstanding, each having a par value of $10. No dividends have been declared for 2024 and 2025 . (a) As of 12/31/26, it is desired to distribute $250,000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and nonparticipating? Preferred stockholders receive Attempts: 0 of 1 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above