CALCULATOR MESSAGE MY INSTRUCTOR RESOURCES Multiple Choice Question 151 Coronado, Inc. has 9600 shares of 7%, $100 par value, cumulative preferred stock and 96000 shares of $1 par value common stock outstanding at December 31, 2018. If the board of directors declares a $67200 dividend, the O $67200 will be held as restricted retained earnings and paid out at some future date. O preferred shareholders will receive $33600 and the common shareholders will receive $33600 O preferred shareholders will receive 1/10th of what the common shareholders will receive. O preferred shareholders will receive the entire $67200