The stockholders equity section of Caleb has the following items shown below. The board declared dividends of $360,000: $500,000, and 5700.000 in the first three years of operations, 2020 2021 and 2022. Preferred shareholders are entitled to $480,000 of dividends (8% of 6.000.000) Common stock $3,000,000 Pald in capital in excess of par, common 59.800,000 Preferred stock. 89 $6,000,000 Pald in capital in excess of par, preferred $780,000 How much is paid to Preferred and common in 2020 if Preferred is cumulative and non-participating? a. Preferred 5360.000: Common 5140.000 b. Preferred 50: Common $500.000 c. Preferred $480,000; Common $20.000 d. Preferred $500,000: Common 50 How much is paid to Preferred and common in 2020 if Preferred is cumulative and non-participating? a. Preferred $360,000: Common $140,000 b. Preferred 50: Common $500,000 C. Preferred $480,000: Common $20,000 d. Preferred $500,000: Common 50 e. none of the above