Zaina Industries has declared a $43,000 cash dividend to shareholders. The company has 4,500 shares of $20-par, 5% preferred stock and 20,000 shares of $20-par common stock. The preferred stock is cumulative. How much will be distributed to the preferred and common stockholders on the date of payment if the preferred stock is $12,000 in arrears?

a.)	$43,000 preferred, $0 common
b.)	$16,500 preferred, $26,500 common
c.)	$4,500 preferred, $38,500 common
d.)	$21,500 preferred, $21,500 common