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XYZ Corporation has 3 0 0 shares of $ 3 6 , noncumulative preferred shares outstanding, and $ 2 7 0 , 0 0 0

XYZ Corporation has 300 shares of $36, noncumulative preferred shares outstanding, and $270,000 of common shares outstanding. In the company's first year of operation, no dividends were paid, but during the second year XYZ paid dividends of $42,000. The dividend should be distributed as follows:
Group of answer choices
$5,400 preferred; $11,520 common.
$7,000 preferred; $7,000 common.
$10,800 preferred; $31,200 common.
$21,600 preferred; $11,600 common.
$21000 preferred; $21000 common.

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