1. The following elements of stockholders' equity are from the balance sheet of Tweed Marketing Corp. at December 31, 2018:

   Stockholders' Equity
   Preferred Stock - 5%, $2 Par Value; 80,000 shares authorized, 55,000 shares issued and outstanding	$110,000
   Common Stock - $0.10 Par Value 8,750,000 shares authorized, 7,800,000 shares issued and outstanding	780,000

   Tweed paid no preferred dividends in 2018.

   Compute the dividends to the preferred and common shareholders for 2019 if total dividends were $153,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2019.

   	A.	$185,000 Direct dividend; $153,000 Indirect dividend
   	B.	$5,500 Preferred dividend; $147,500 Common dividend
   	C.	$110,000 Preferred dividend; $780,000 Common dividend
   	D.	None of the other answers
   	E.	$4,400 Preferred dividend; $180,600 Common dividend