Hinman, Inc

Hinman, Inc., has outstanding 10,000 shares of $100 par value, 6% nonparticipating, cumulative preferred stock and 16,000 shares of $20 par value common stock.
If the dividend on preferred stock is two years in arrears, and the total cash dividend declared this year is $340,000, then the total amounts distributed to preferred and common stockholders, respectively, are:

A) $180,000 and $160,000
B) $ 54,000 and $286,000
C) $127,500 and $212,500
D) $108,000 and $232,000