Marigold, Inc. has 10600 shares of 6%, $100 par value, cumulative preferred stock and 106000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $63600 dividend, the $63600 will be held as restricted retained earnings and paid out at some future date. preferred shareholders will receive 1/10th of what the common shareholders will receive. preferred shareholders will receive $31800 and the common shareholders will receive $31800. preferred shareholders will receive the entire $63600.