Eastline Corporation has $270,000 of 10% noncumulative, nonparticipating preferred stock outstanding Eastline also has $670,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $47,000. This dividend should be distributed as follows Multiple Choice $27,000 preferred: 520.000 common 5110 pretened 535.250 commor 50 preferred, 547000 common $23.500 pr. 523.500 Common 16 $27,000 preferred: $20,000 common O $11750 preferred; $35,250 common. O $0 preferred: $47.000 common. $23,500 preferred: $23,500 common. $25,000 preferred; $22,000 common