Torino Company has 5,500 shares of $30 par value, 5.0% cumulative preferred stock and 25,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $6,000 in its first year of operation and $14,000 of dividends in the second year of operations. For the second year, what amount of dividends would each class of stock receive? O preferred $6,000, common $8,000 O preferred $8,250, common $5,750 O preferred $14,000, common $0 O preferred $10,500, common $3,500