Gibraltar Corporation Has 200,000 Shares of 9%,$50 Par Value Cumulative

Gibraltar Corporation has 200,000 shares of 9%,$50 par value cumulative preferred stock authorized,80,000 shares issued,and 75,000 outstanding,as well as 300,000 shares of $10 par value common stock issued and outstanding.Dividends relative to the preferred stock are two years in arrears.If Gibraltar declares a $2,137,500 dividend during the current period,the amount of the dividend applicable to the preferred and common stockholders is:

A) $675,000 and $1,462,500,respectively
B) $1,012,500 and $1,125,000,respectively
C) $1,350,000 and $787,500,respectively
D) $2,025,000 and $112,500,respectively