Question 25 Wildhorse Co. has 13000 shares of 4%, $100 par value, cumulative preferred stock and 130000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $32500 dividend, the $32500 will be held as restricted retained earnings and paid out at some future date. O preferred stockholders will receive the entire $32500. O preferred stockholders will receive $17000 and the common stockholders will receive $17000. O preferred stockholders will receive 1/10th of what the common stockholders will receive. Question Attempts: 0 of 1 used SUBMIT