A corporation has 15,000 shares of 11%. S50 par cumulative preferred stock outstanding and 35,000 shares of no-par common stock outstanding. Dividends of $35,000 are in arrears. At the end of the current year, the corporation declares a dividend of $162,000. How is the dividend allocated between preferred and common stockholders? A. The dividend is allocated $162,000 to preferred stockholders and no dividend is paid to common stockholders O B. The dividend is allocated $44,500 to preferred stockholders and $117,500 to common stockholders C. The dividend is allocated $82,500 to preferred stockholders and $79,500 to common stockholders ( D. The dividend is allocated $117,500 to preferred stockholders and S44500 to common stockholders