26. Xtreme Sports has 100,000 dollars of 8% noncumulative,nonparticipating, preference shares outstanding. Xtreme Sports also has...

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26. Xtreme Sports has 100,000 dollars of 8% noncumulative,nonparticipating, preference shares outstanding. Xtreme Sports also has 500,000 dollars of ordinary shares outstanding. In the company's first year of operation, no dividends were paid. During the second year, Xtreme Sports paid cash dividends of $30,000. This dividend should be distributed as follows: Multiple-Choice (2 Points) A.0 dollars preference; 30,000 dollars ordinary. B. 16,000 dollars preference; 14,000 dollars ordinary. C. 8,000 dollars preference; 22,000 dollars ordinary. OD. 15,000 dollars preference; 15,000 dollars ordinary. OE. 7,500 dollars preference; 22,500 dollars ordinary. 26. Xtreme Sports has 100,000 dollars of 8% noncumulative,nonparticipating, preference shares outstanding. Xtreme Sports also has 500,000 dollars of ordinary shares outstanding. In the company's first year of operation, no dividends were paid. During the second year, Xtreme Sports paid cash dividends of $30,000. This dividend should be distributed as follows: Multiple-Choice (2 Points) A.0 dollars preference; 30,000 dollars ordinary. B. 16,000 dollars preference; 14,000 dollars ordinary. C. 8,000 dollars preference; 22,000 dollars ordinary. OD. 15,000 dollars preference; 15,000 dollars ordinary. OE. 7,500 dollars preference; 22,500 dollars ordinary.