Saturn Corporation Has 13,000 Shares of 14%,$84 Par Noncumulative Preferred

Saturn Corporation has 13,000 shares of 14%,$84 par noncumulative preferred stock outstanding and 20,000 shares of no-par common stock outstanding.At the end of the current year,the corporation declares a dividend of $180,000.How is the dividend allocated between preferred and common stockholders?

A) The dividend is allocated $8,107 to preferred stockholders and $109,091 to common stockholders.
B) The dividend is allocated $152,880 to preferred stockholders and $27,120 to common stockholders.
C) The dividend is allocated $70,909 to preferred stockholders and $109,091 to common stockholders.
D) The dividend is allocated $235,200 to preferred stockholders and $55,200 to common stockholders.