Saturn Corporation has 10,000 shares of 14%, $82 per noncumulative preferred stock outstanding and 30,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $197,000. How is the dividend allocated between preferred and common stockholders? The dividend is allocated $344, 400 to preferred stockholders and $152, 400 to common stockholders. The dividend is allocated $114, 800 to preferred stockholders and $77, 200 to common stockholders. The dividend is allocated $48,000 to preferred stockholders and $144,000 to common stockholders. The dividend is allocated $5, 320 to preferred stockholders and $144,000 to common stockholders