Jacklie Syndicate began operations on January 1, 20X3. The company has the following items included in the stockholders' equity section of its balance sheet on December 31, 20X3 and December 31, 20X4.

8% Preferred Stock, $100 par, 100,000 shares authorized,

25,000 shares issued and outstanding $2,500,000

Common Stock, $3 par, 500,000 shares authorized;

150,000 shares issued and outstanding 450,000

Additional paid-in capital 2,250,000

Total dividends declared and paid were

during 20X3 $170,000

during 20X4 210,000

during 20X5 240,000

If Jacklie Syndicate's preferred stock were noncumulative, how much of the 20X4 dividends would have been distributed to

A) Preferred Stock Common Stock

$110,526 $ 99,474

B) Preferred Stock Common Stock

$100,962 $109,038

C) Preferred Stock Common Stock

$ 2,000 $208,000

D) Preferred Stock Common Stock

$200,000 $ 10,000

E) Preferred Stock Common Stock

$210,000 $ 0

Note: Please show the math for the answer.