Atlantis corporation has 12,000 shares of 14%, $78 par noncumulative preferred stock outstandingand 29,000 shares of no-par common stock outstanding. at the end of the current year, thecorporation declares a dividend of $188,000. how is the dividend allocated between preferred andcommon stockholders? a) the dividend is allocated $55,024 to preferred stockholders and $132,976 to commonstockholders. b) the dividend is allocated $316,680 to preferred stockholders and $128,680 to commonstockholders. c) the dividend is allocated $131,040 to preferred stockholders and $56,960 to commonstockholders. d) the dividend is allocated $6023 to preferred stockholders and $132,976 to commonstockholders.