Milton, Inc. had the following transactions in 2025, its first year of operations: Issued 15,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $36.00 per share. Earned net income of $300,000. Paid dividends of $8.00 per share. At the end of 2025, what is total stockholders' equity? A. $720,000 B. $960,000 OC. $180,000 OD. $540,000 Atlantis Corporation has 14,000 shares of 10%, $82 par noncumulative preferred stock outstanding and 30,000 shares of no- par common stock outstanding. At the end of the current year, the corporation declares a dividend of $181,000. How is the dividend allocated between preferred and common stockholders? A. The dividend is allocated $57,591 to preferred stockholders and $123,409 to common stockholders. B. The dividend is allocated $4,359 to preferred stockholders and $123,409 to common stockholders. C. The dividend is allocated $114,800 to preferred stockholders and $66,200 to common stockholders. D. The dividend is allocated $246,000 to preferred stockholders and $65,000 to common stockholders