QUESTION The Bucs-Win-Again Company reports the following on its Year-End Balance Sheet Preferred Stock (PAR $1,000) $1,000,000 Common Stock (PAR $2) $2,000,000 Retained Earnings $ 500,000 $3,500,000 TOTAL STOCKHOLDERS' EQUITY Which of the choices is TRUE O a. A Dividend of $500,000 can be paid only to Common Shareholders The Preferred Shareholders would not receive a Dividend O b. A Dividend of $750,000 can be paid only to Preferred Shareholders The Common Shareholders would not receive a Dividend O c. No Dividend is required to be paid to Common Shareholders. However, the Preferred Shareholders must receive the dividend first if a dividend is declared O d. A Cash Dividend of $750,000 can be paid without affecting Stockholders' Equity