Xtreme Sports has $100,000 of 8% noncumulative, nonparticipating, preferred stock outstanding, Xtreme Sports also has $500,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, Xtreme 5, Sports paid cash dividends of $30,000. This dividend should be distributed as follows: A. $8,000 preferred; $22,000 common. B. $16,000 preferred; $14,000 common. C. $7,500 preferred; $22,500 common. D. $15,000 preferred; $15,000 common. E. $0 preferred; $30,000 common