Atlantis Corporation has 12,000 shares of 14%, $78 par noncumulative preferred stock outstanding and 29,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $188,000. How is the dividend allocated between preferred and common stockholders? Select one: O A. The dividend is allocated $6023 to preferred stockholders and $132,976 to common stockholders. B. The dividend is allocated $316,680 to preferred stockholders and $128,680 to common stockholders C. The dividend is allocated $131,040 to preferred stockholders and $56,960 to common stockholders D. The dividend is allocated $55,024 to preferred stockholders and $132,976 to common stockholders