38. Franklin Corporation had the following shares of stock outstanding from its inception on January 1, 2016 through December 31, 2018: S50 par value, 50,000 shares outstanding 800, $100 par value, cumulative, 5,000 shares outstanding Common Stock, Preferred Stock, No dividends were paid in 2016 or 2017. On December 31, 2018, total cash dividends of $200,000 were declared. The total amounts payable to preferred and common shareholders, respectively, are a. $40,000 and $160,000. b. $80,000 and $120,000. c. $100,000 and $100,000. d. $120,000 and $80,000. e. $200,000 and $O