(Hi! I was hoping to get some help to solve the question below. Thank you!)

No dividends were declared by the Tidewater Corporation in 20X4. During 20X5, total dividends declared amount to $20,000. There are 6,000 shares of $10 par, 10% cumulative preferred stock outstanding and 10,000 shares of $5 par common stock outstanding. The amount of dividends payable to each share of stock in 20X5 is _______.

A. $1.00 to preferred, $.80 to common

B. $6.00 to preferred, $1.00 to common

C. $2.00 to preferred, $.08 to common

D. $2.00 to preferred, $.80 to common