River Forest, Inc., has 5,000 shares of 6%, $100 par value, noncumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. If the board of directors declares a $100,000 dividend, the A) preferred stockholders will receive 1/10th of what the common stockholders will receive. B) preferred stockholders will receive the entire $100,000. C) $30,000 will be held as restricted retained earnings and paid out at some future date. D) preferred stockholders will receive $30,000 and the common stockholders will receive $70,000.