Dixon, Inc

Dixon, Inc. has outstanding 20,000 shares of $40 par value, 6% nonparticipating, cumulative preferred stock, and 30,000 shares of $10 par value common stock.
If the dividend on preferred stock is two years in arrears, and the total cash dividend declared this year is $207,000, the total amounts distributed to preferred and common stockholders are, respectively:

A) $48,000 and $159,000
B) $51,750 and $155,250
C) $24,000 and $183,000
D) $144,000 and $63,000
E) None of the above