The Following Information Is Available for the Frasier Corporation as of December

The following information is available for the Frasier Corporation as of December 31,2017: $$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Preferred shares, } \$ 10 , \text { cumulative, } 1,000 \text { shares authorized and } \\\text { Issued }\end{array} & \$ 100,00 \\\hline \text { Common shares, } 6,000 \text { shares authorized and issued } & 500,000 \\\hline \text { Retained earnings } & 750,000 \\\hline\end{array}$$ Frasier Corporation declared a dividend in 2017 amounting to $5,000.No dividends were declared in 2016.The liquidation value of the preferred stock is $100 per share.Prior to 2016,there were no dividends in arrears.Compute book value for preferred shares and common shares in total.

A) $125,000 for preferred, $1,225,000 for common
B) $115,000 for preferred, $1,235,000 for common
C) $120,000 for preferred, $1,230,000 for common
D) $105,000 for preferred, $1,245,000 for common