Question 2 2 pts Gomez Company has 50,000 shares of $200 par value, 8% cumulative preferred stock and 160,000 shares of $120 par value common stock. Francisco declares and pays cash dividends amounting to $880,000. If no arrearage on the preferred stock exits, how much in total dividends is paid to each class of stock? OPreferred $880.000/ Common $0 OPreferred $64 0,000/Common S Preferred $256. 000 / Common 5624000 - Preferred $800,000/ Common $80.000