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Wildhorse, Ltd. has 10,000 outstanding no par value $1.00 preferred shares issued for $100,000 and 33,000 outstanding no par value common shares issued for $19,800.

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Wildhorse, Ltd. has 10,000 outstanding no par value $1.00 preferred shares issued for $100,000 and 33,000 outstanding no par value common shares issued for $19,800. No dividends were paid or declared during 2020 and 2021. Wildhorse wants to distribute $51,148 in dividends on December 31, 2022. Your answer is correct. Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are non-cumulative and non-participating. Preferred Common 10,000 41,148 Total dividends $ $ e Textbook and Media Your answer is correct. Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are cumulative and non-participating. Preferred Common 30.000 Total dividends 21,148 $ S e Textbook and Media X Your answer is incorrect. Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are cumulative and fully participating. Preferred Common Total dividends 47,653 $ e Textbook and Media Assistance Used

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