Ultimate Sportswear has $160,000 of 9% noncumulative, 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 Mute Chace O O $14,400 preferred $21,600 common $9,000 preferred $27,000 common $19.000 prefered: $17,000 common 50 preferred: $36.000 common $18.000 preferred $10,000 common