5. Since its incorporation in 2019, Venti Corp. has had 100,000 shares of $25 par, 7% preferred stock authorized, out of which 70,000 shares were issued and outstanding. Venti did not declare any dividends in 2020, but in 2021 a dividend totaling $600,000 was declared. If the preferred stock is cumulative, what portion of the $600,000 dividend declared in 2021 should the preferred and common stock shares each receive? Preferred $175,000 Common $425,000 A. B. C. D. E. $300,000 $122,500 $350,000 $245,000 $300,000 $477,500 $250,000 $355,000