Question 20 1 pts HP Company capital structure includes both preferred and common equity securities. They have paid no dividends in three years but have declared a dividend of $300,000 in the current year. Additional information for HP Company follows. SECURITY # SHARES Par value/sh Common Stock 300,000 10 6% Preferred Stock 10,000 20 The preferred stock is cumulative, partially participating up to 3%, and convertible. Determine the dividends to be received by the common shareholders. 288,000 252,000 180,000 54,000 52,500 48,000 247,500