U Question 4 1 pts 4.On January 2, 2017 Pace Corporation issued 35.000 shares of 5% cumulative preference shares at $100 par valin On December 31, 2020. Pace Corporation declared and paid its first dividend. What dividends are the preference shareholders entitled to receive in the current year before any distribution is made to ordinary shareholders 1.50 2.5175.000 3. $525.000 4. $700.000 Cl2 0 1