Science Co. has 10,000 shares of 6%, $100 par value, noncumulative preferred stock outstanding, Each $100 share pays a $6 dividend( .06 x $100). the annual dividend is $60,000 (10.000 x $6 per share), If dividends have not been paid in two years, and the company pays a total dividend ( to all stockholders) of $500,000 in the third year, preferred stockholders are entitled to recelve $180.000 $500.000. $60.000 $120.000