on 21 Lott Co, has outstanding 20,000 shares of 7% preferred stock with a $10 par value and 100,000 shares of $7 par value common stock Dividends have been paid every year except last year and the current year. If the preferred stock is cumulative and fully participating and $122,000 is distributed, the common stockholders will receive ed out of Question Select one: O a. $0 O b. $51,000 O c $61,000 O d. $69,000 Oe. $84,000 -22 ed Fuller Food Company distributes coupons which may be presented (on or before a stated expiration date) to grocers. The grocers are reimbursed when they send the coupons to Fuller. In Fuller's experience, 50% of such coupons are redeemed, and generally one month elapses between the date a grocer receives a coupon from a consumer and the date Fuller receives it During 2017 Fuller issued two separate series of coupons as follows: out of question Issued On 1/1/17 7/1/17 Total Value $500,000 720,000 Consumer Expiration Date 12/30/17 6/30/18 Amount Disbursed as of 12/31/17 $236,000 250,000 The December 31, 2017 balance sheet should indicate a liability for unredeemed coupons of Select one: O a. 50 O b. $14,000 O.c. $110,000 O d. $124,000 O e $360,000