Honig Corporation Had the Following Shares of Stock Outstanding on December

Multiple Choice

Honig Corporation had the following shares of stock outstanding on December 31, 2010 : Common stock, $50 par value, 100,000 shares outstanding
Preferred stock, 8 percent, $100 par value, cumulative, 10,000 shares outstanding
Dividends were in arrears for 2008 and 2009. On December 31, 2010 , total cash dividends of $400,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are

A) $200,000 and $200,000.
B) $160,000 and $240,000.
C) $240,000 and $160,000.
D) $80,000 and $320,000.