No dividends were declared in 2014 and 2015. During 2016, the total dividends declared amount to $10,000. Currently there are 4,000 shares of $1 cumulative preferred shares outstanding and 10,000 common shares outstanding. The total amount of dividends payable to each class of shares in 2016 amounts to MO A. $8,000 to preferred, $2,000 to common B. $3,000 to preferred, $7,000 to common O C. $10,000 to preferred, $0 to common O D. $5,500 to preferred, $4,500 to common