A Corporation Has 15,000 Shares of 10%, $50 Par, Noncumulative

A corporation has 15,000 shares of 10%, $50 par, noncumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. No dividends were declared in 2008. At the end of 2009, the corporation declares a dividend of $150,000.
What is the dividend allocated between preferred and common shareholders?

A) The dividend is allocated $75,000 to preferred shareholders and $75,000 to common shareholders.
B) The dividend is allocated $142,500 to preferred shareholders and $7,500 to common shareholders.
C) The dividend is allocated $150,000 to preferred shareholders and $0 to common shareholders.
D) The dividend is allocated $7,500 to preferred shareholders and $142,500 to common shareholders.