Can someone help me with this question? SHOW YOUR WORK PLEASE! thanks in advance!

McNabb was formed on 1/1/2017. For all of 2017 and 2018, McNabb had the following stock Issued and outstanding: Preferred: $10,000 total par value, 7% (annual dividend $700) Common $10,000 total par value. McNabb declared the following total dividends: 2017: $ 500 dividend. 2018: $1,700 dividend. 1. How should the 2018 dividend be allocated, if preferred is cumulative and non-participating? a. $700 and $1,0000 b. $850 and $850 c. $1,000 and $700 d. $900 and $800 e. $700 and $1,000