Gault Corporation had the following shares of stock outstanding on December 31, 2018: - Common stock, $50 par value, 200,000 shares outstanding - Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding - Dividends were in arrears for 2016 and 2017. On December 31,2018, total cash dividends of $800,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are: Select one: a. $160,000 and $640,000 b. $480,000 and $320,000 c. $320,000 and $480,000 d. $400,000 and $400,000 e. $240,000 and $400,000