$67.$ On January $1,2015,$ Bill's Fruit Stand issued $10,000$ shares of $8\%,$ $$20$ par value cumulative preferred stock. No dividends were declared in $2015$ or $2016.$ The company declared a dividend of $$120,000$ for $2017.$ How much of the $2017$ dividend will be paid to $(1)$ preferred stockholders and $(2)$ common stockholders?

a$.(1)$ $ $0(2)$ $ $120,000$

b$.(1)$ $$16,000(2)$ $$104,000$

c$.(1)$ $$32,000(2)$ $$88,000$

d$.(1)$ $$48,000(2)$ $$72,000$