Question 41

Macintyre, Inc., has outstanding 10,000 shares of $50 par value, 6% nonparticipating, cumulative preferred stock and 16,000 shares of $10 par value common stock. If the dividend on preferred stock is two years in arrears, and the total cash dividend declared this year is $170,000, then the total amounts distributed to preferred and common stockholders, respectively, are:

	A.	$90,000 and $80,000
	B.	$60,000 and $110,000
	C.	$54,000 and $116,000
	D.	$27,000 and $143,000