Reference no: EM131611318

Question - Beldon, Inc., has outstanding 10,000 shares of $50 par value, 7% nonparticipating, cumulative preferred stock and 10,000 shares of $10 par value common stock. If the dividend on preferred stock is one year in arrears, and the total cash dividend declared this year is $72,000, then the total amounts distributed to preferred and common stockholders, respectively, are:

Select one:

A. $21,000 and $51,000

B. $70,000 and $2,000

C. $27,000 and $45,000

D. $60,000 and $12,000

E. None of the above