QUESTION 23 Not yet answered Marked out of 2.00 Flag question Francisco Company has 50,000 shares of $100 par value, 8% cumulative preferred stock and 160,000 shares of $60 par value common stock. Francisco declares and pays cash dividends amounting to $440,000. If no arrearage on the preferred stock exits, how much in total dividends is paid to each class of stock? Select one: A. Preferred Common $320,000 $120,000 E Menu $320,000 $120,000 OB. Preferred Common $400,000 $40,000 Preferred Common $128,000 $312,000 D. Preferred Common $440,000 $0