ting Theory and Practice II - ACC102 ACC200 - (Fall 2020) Solaris, Inc. has 2,000 shares of 5%, 510 par value, cumulative preferred stock and 50,000 shares of 51 par value common stock outstanding at December 31, 2020. What are the dividends distributed on the preferred stock in 2020 if no dividends were declared and paid for 2018 and 20197 Select one: a $2,000 b. $4,000 $3.000 a $1,000 Next page LG G D II ho ounting Theory and Practice II - ACC102 ACC200 - (Fall 2020 ) on 2 ABC, Inc. has a net income of $ 200,000 for 2020, and there are 100,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $40,000 on the preferred stock and $60,000 on the common stock. The earings per share for 2018 is: ed out of Select one: a $.00 b. $1.60 c. $2.00 d: $1.00 And page Previous page 0 3 *