Ultimate Sportswear has $160,000 of 9% noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has $560,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $36,000. This dividend should be distributed as follows: $0 preferred; $36,000 common. $19,000 preferred; $17,000 common. $14, 400 preferred; $21, 600 common. $18,000 preferred: $18,000 common. $9,000 preferred; $27000 common