Five$-0$ Corp. began operations $in2016.On$

$\frac{1}{1}\frac{?}{2016},$ the company issued $7,000$ shares $of10\%,$

$$10$ par value preferred stock and $100,000$ shares $of$

common stock. The company was not able $to$ pay

dividends $in2016or2017.$ However, $in2018,$ the

company declared $it$ will pay dividends $to$

shareholders totaling $$75,000.$

Assuming the preferred stock $is$ noncumulative, how

much $of$ the $$75,000$ dividend will $be$ paid $to$

preferred stockholders and how much will $be$ paid $to$

common stockholders $in2018?$

$$7,000to$ preferred stockholders and $$68,000to$

common stockholders.

$$21,000to$ preferred stockholders and $$54,000to$

common stockholders.

$$75,000to$ preferred stockholders and $$0to$ common

stockholders.

$$0to$ preferred stockholders and $$75,000to$ common

stockholders.

$$70,000to$ preferred stockholders and $$5,000to$

common stockholders.