2 questions I need help with:

2nd question:

A company has outstanding 11.00 million shares of $4.00 par common stock and 2.6 million shares of $5.60 par preferred stock. The preferred stock has an 14% dividend rate. The company declares $460,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference? O Preferred stockholders will receive the entire $460,000, and they must also be pald $324.000 sometime in O Preferred stockholders will receive the entire $460,000, and they must also be pald $324,000 sometime In the future before common stockholders will receive anything. O Preferred stockholders will receive $64,400 or 14% of the total dividends. Common stockholders will receive O Preferred stockholders will receive the entire $460,000, but will receive nothing more relating to this O Preferred stockholders will recelve the entire $460,000, and they must also be paid $324,000 before the the remalning $395,600 dividend declaration. Common stockholders will recelve nothing. end of the current accounting perlod. Common stockholders will recelve nothing