Ultimate Sportswear has $180,000 of 7% noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has $580,000 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 $38,000. This dividend should be distributed as follows: Multiple Choice 0 $9,500 preferred; $28,500 common. 0 $20,000 preferred: $18,000 common. 0 $0 preferred: $38,000 common. 0 $19,000 preferred; $19,000 common. 0 $12,600 preferred; $25,400 common