o A corporation has 15.000 shares of 16%, 550.00 par cumulative preferred stock outstanding and 36,000 shares of no- par common stock outstanding Preferred dividends of $16,000 are in arrears. At the end of the current year, the corporation declares a dividend of $240,000. How is the dividend allocated between preferred and common stockholders? OA. The dividend is allocated $136,000 to preferred stockholders and 5104,000 to common stockholders. OB. The dividend is allocated $104,000 to preferred stockholders and 5136,000 to common stockholders. OC. The dividend is allocated $120,000 to preferred stockholders and 5120,000 to common stockholders OD. The dividend is allocated $240,000 to preferred stockholders and no dividend is paid to common stockholders