My courses llaculty of Business Accounting and Finance Department Accounting Theory & 17 August . QUR 2 Abdalla Salih Summer 2 ACC 200 Lopez, Inc. has 2,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007, and December 31, 2008. The board of directors declared and paid a $4,000 dividend in 2007. In 2008, $20,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2008? Select one: O a. Preferred Common $12,000 $8,000 O b. Preferred $10,000 Common $10,000 c. Preferred $8.000 Common $12.000 d. Preferred $6,000 Common $14.000