Treasury stock 275,000 The following information relates to Questions 31-32 A corporation has 10,000 shares of 8% cumulative preferred stock and 20,000 shares of common stock outstanding. Par value of each is $100. No dividends were paid last year, but this year a $200,000 dividend is paid. 31. How much of this $200,000 goes to the holders of preferred stock? a. $120,000 b. $160,000 c. S 80,000 d. $ 40,000 32. How much of this $200,000 goes to the holders of common stock? a. $120,000 b. $160,000 c. $ 80,000 d. $ 40,000