A corporation has 17,000 shares of 14%, $80.00 par cumulative preferred stock outstanding and 38,000 shares of no- par common stock outstanding. Preferred dividends of $22,500 are in arrears. At the end of the current year, the corporation declares a dividend of $222,000. How is the dividend allocated between preferred and common stockholders? O A. The dividend is allocated $9,100 to preferred stockholders and $212,900 to common stockholders. OB. The dividend is allocated $212,900 to preferred stockholders and $9,100 to common stockholders. O C. The dividend is allocated $190,400 to preferred stockholders and $31,600 to common stockholders. OD. The dividend is allocated $222,000 to preferred stockholders and no dividend is paid to common stockholders. This Question: 1 pt 4 of 28 (3 complete) A corporation has 17,000 shares of 14%, $80.00 par cumulative preferred stock outstanding and 38,000 shares of no- par common stock outstanding. Preferred dividends of $22,500 are in arrears. At the end of the current year, the corporation declares a dividend of $222,000. How is the dividend allocated between preferred and common stockholders? O A. The dividend is allocated $9,100 to preferred stockholders and $212,900 to common stockholders. OB. The dividend is allocated $212,900 to preferred stockholders and $9,100 to common stockholders. O C. The dividend is allocated $190,400 to preferred stockholders and $31,600 to common stockholders. OD. The dividend allocated $222,000 to preferred stockholders and no dividend is paid to common stockholders