55 D Question 22 4 pts Ultimate Sportswear has $100,000 of 8% noncumulative, preferred stock outstanding. Ultimate Sportswear also has $500,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $30,000. This dividend should be distributed as follows: O $15,000 preferred: $15,000 common. O $0 preferred; $30,000 common. $16,000 preferred: $14,000 common. O $7,500 preferred; $22,500 common. O $8,000 preferred; $22,000 common.