Gracey's Department Stores has $$213,000$ of $7\%$ noncumulative, preferred stock outstanding, Grace$/$s also has $$63,000$ of common stodi astanderg

During its first year, the company paid cash dividends of $$43,000.$ This dividend should be distriouted as follows:

Multiple Choice

$$21,500$ preferred, $$21,500$ common.

$$13,80$ preferred, $$29,820$ common.

$$43,000$ preferred; $$0$ common

$$14,910$ preferred. $$28,090$ common.