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Woodside Corporation has 80,000 shres of $1 par value common stock and 20,000 shares of...

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Accounting

Woodside Corporation has 80,000 shres of $1 par value common stock and 20,000 shares of cumulative 5%, $100 par preferred stock outstanding. Wopdside has not paid a dividend for the prior year. If Woodside declares a $1.25 per common stock dividend this year, what will be the total amount they must pay to all of their shareholders?
Select one:
a. $125,000
b. $200,000
c. $300,000
d. $100,000
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