Question 11 0.5 pts ABC Corporation has cumulative preferred stock on which it pays dividends of $25,000 per year. The dividends are in arrears for three years. If the corporation plans to distribute $120,000 as dividends in the current year, how much will the common stockholders receive? $95,000 O $20,000 O $40,000 O $60.000 $30,000 Question 13 0.5 pts Ramona, Inc. has 3,000 shares of 6%, $100 par, cumulative preferred stock and 80,000 shares of $4 par common stock outstanding. Last year the board of directors declared and paid a $12,000 dividend. This year the dividend declared and paid was $25,000. What amount of this dividend will be paid to the preferred stockholders? $0 $24,000 O $15,000 $12,000 $18,000