Leather Creations Has Been in Business for Two Years No Dividends Were Paid During 2014

Leather Creations has been in business for two years.On December 31,2015 (the end of the second year),the company had the following capital stock account balances immediately prior to a meeting of its board of directors.:
$\begin{array}{llcc} \text { 10 \% Cumulative, Nonparticipating Preferred Stock, \$ 10 par, 2,000 } & \\ \text { shares authorized, 1,000 shares issued and outstanding } & \$ 10,000 \\ \text { Common Stock \$ 1 par 10,000 share authorized, 6,000 sharesissued } & 6,000 \\\end{array}$
No dividends were paid during 2014.Net income for 2015 is $110,000.At its December 31,2015 meeting the board declares a cash dividend.Complete the table below to indicate the amount of dividends that would be distributed to each class of stockholder if the following amounts of dividends are available:
$\begin{array}{llll}&\text { Total anount } & \text { Preferred } & \text { Conumon } \\&\underline { \text { available for dividend} } &\underline { \text { dividend }} & \underline { \text { dividend} }\\A) & \$ 2,000 \\B) & \$ 4,000 \\C) & \$ 10,000 \\\end{array}$