Xtreme Sports has $150,000 of 8% noncumulative, nonparticipating, preferred stock outstanding. Xtreme Sports also has $550,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, Xtreme Sports paid cash dividends of $35,000. This dividend should be distributed as follows: $19,000 preferred; $16,000 common. $12,000 preferred; $23,000 common. $0 preferred; $35,000 common. $17,500 preferred; $17,500 common. $8,750 preferred; $26,250 common