the outstanding capital stock of wildhorse corporation consists of 2,100 shares of $100 par value. 8% preferred and 4,800 shares par value common. Assuming that the company has retained earnings of $88,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, states how much each class f stock should receive under each of the following conditions. A) The preferred stock is noncumulative and nonparticipating. B) The preferred stock is cumulative and nonparticipating. C) The preferred stock is cumulative and participating.