Atlantis Corporation has 10,000 shares of 13%$77 par noncumulative preferred stock outstanding and 24,000 shares of nopar common stock outstanding At the end of the year the corporation declares dividend of $196,000 how is the dividend allocated between preferred and common stockholders?

O A. The dividend is allocated $6.194 to preferred stockholders and $138,353 to common stockholders. OB. The dividend is allocated $240,240 to preferred stockholders and $44,240 to common stockholders. OC. The dividend is allocated $100,100 to preferred stockholders and $95,900 to common stockholders OD. The dividend is allocated $57,647 to preferred stockholders and $138,353 to common stockholders