Sonny's Sails Has Declared a $40,000 Cash Dividend to Shareholders

Sonny's Sails has declared a $40,000 cash dividend to shareholders.The company has 5,000 shares of $20-par,6% preferred stock and 10,000 shares of $15-par common stock.The preferred stock is non-cumulative.How much will be distributed to the preferred and common stockholders on the date of payment?

A) $40,000 preferred,$0 common
B) $0 preferred,$40,000 common
C) $34,000 preferred,$6,000 common
D) $6,000 preferred,$34,000 common