Five-0 Corp. began operations in 2016. On 1/1/2016, the company issued 7,000 shares of 10%, $10 par value preferred stock and 100,000 shares of common stock. The company was not able to pay dividends in 2016 or 2017. However, in 2018, the company declared it will pay dividends to shareholders totaling $75,000. Assuming the preferred stock is noncumulative, how much of the $75,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018?

	a.	$75,000 to preferred stockholders and $0 to common stockholders.
	b.	$0 to preferred stockholders and $75,000 to common stockholders.
	c.	$7,000 to preferred stockholders and $68,000 to common stockholders.
	d.	$70,000 to preferred stockholders and $5,000 to common stockholders.
	e.	$21,000 to preferred stockholders and $54,000 to common stockholders.