Canada Corp. has 5,000 shares of 7%, €100 par value, cumulative preference shares and 50,000 ordinary shares with a €1 par value outstanding at December 31, 2020. If the board of directors declares a €30,000 dividond, the a. preference shareholders will receive 1/10th of what the ordinary shareholders will receive. b. preference shareholders will receive the entire €30,000. €30,000 will be held as restricted retained earnings and pald out at some future date. d. preference shareholders will receive €15,000 and the ordinary shareholders will receive €15,000.