Beldon, Inc

Beldon, Inc., has outstanding 10,000 shares of $50 par value, 7% nonparticipating, cumulative preferred stock and 10,000 shares of $10 par value common stock.
If the dividend on preferred stock is one year in arrears, and the total cash dividend declared this year is $72,000, then the total amounts distributed to preferred and common stockholders, respectively, are:

A) $21,000 and $51,000
B) $70,000 and $2,000
C) $27,000 and $45,000
D) $60,000 and $12,000
E) None of the above