Wildhorse Corp. has outstanding $22200$ no par value, $$0\mathrm{.}80,$ preferred shares and $122000$ no par value common shares. Dividends

have been paid every year except last year and the current year. The carrying value of the preferred shares is $$222000$ and of the

common shares is $$366000.$

If the preferred shares are noncumulative and fully participating and $$70560$ is distributed as a dividend, the common shareholders

will receive

$$0.$

$$38610.$

$$43920.$

$$49710.$