Whispering Winds Corp. has 9500 shares of 4%, $100 par value, cumulative preferred stock and 95000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $23750 dividend, the $23750 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 the entire $23750. O preferred stockholders will receive $11750 and the common stockholders will receive $11750