Sandhill Ltd. has outstanding 121000 no par common shares and 24200 no par, $0.30 preferred shares issued at $4 each. The preferred shares are cumulative and nonparticipating. Dividends have been paid every year except the past two years and the current year. Assuming that $50000 will be distributed as a dividend in the current year, how much will the common shareholders receive? $28220 $33880 $41140 $21780 Blossom Corp. is authorized to issue 399500 no par value common shares. Subscribers agree to purchase 74500 shares at $11 per share with a 25% down payment. The journal entry to record receipt of the subscriptions includes a credit to Common Shares for $204875. debit to Common Shares Subscribed for $819500. credit to Common Shares Subscribed for $819500. credit to Subscriptions Receivable for $614625