Crystal Company has $1 par, 50,000,000 shares of common stock and 6%, $100 par, 1,000,000 shares of preferred stock outstanding. The board of directors of Crystal declared cash dividends of $3 million, $5 million, and $50 million in each of its first 3 years of operation: 2015, 2016, 2017, respectively. The preferred stock is cumulative and nonparticipating. Determine the amount of dividends on preferred and common stock for 2017 Select one: O a. $6 million and $44 million for preferred and common stock, respectively. O b. $7 million and $43 million for preferred and com non stock, respectively. O c. $10 million and $40 million for preferred and common stock, respectively. ed. $8 million and $42 million for preferred and common stock, respectively