Question 22 1 pts Dallas Sports Ltd has 100 shares of $15, noncumulative, preferred shares outstanding, and $160,000 of common shares outstanding. In the company's first year of operation, no dividends were paid, but during the second year Dallas Sports paid dividends of $24,000. The dividend should be distributed as follows $1,500 preferred: $22,500 common. $3,000 preferred; $21,000 common. $12,000 preferred; $12,000 common. $1,400 preferred; $12,600 common. $7,000 preferred: $7,000 common