Waterway, Inc., has 9500 shares of 5%, $100 par value, noncumulative preferred stock and 95000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $201500 dividend, the O $47500 will be held as restricted retained earnings and paid out at some future date. O preferred stockholders will receive 1/10th of what the common stockholders will receive. O preferred stockholders will receive $47500 and the common stockholders will receive $154000. O preferred stockholders will receive the entire $201500