Gracey's Department Stores has $$216,000$ of $7\%$ noncumulative, preferred stock outstanding. Gracey's also has $$616,000$ of commor During its first year, the company paid cash dividends of $$46,000.$ This dividend should be distributed as follows:Multiple Choice$$23,000$ preferred; $$23,000$ common.$$15,760$ preferred; $$30,240$ common.$$46,000$ preferred; $$0$ common.$$15\mathrm{.}120$ preferred; $$30,880$ common.