Honig Corporation had the following shares of stock outstanding on December 31, 2010: Common stock, $50 par value, 100,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 10,000 shares outstanding Dividends were in arrears for 2008 and 2009. On December 31, 2010, total cash dividends of $400,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are a. $200,000 and $200,000. b. $160,000 and $240,000. c. $240,000 and $160,000. d. $80,000 and $320,000. e. none of the above 11