Riptide Inc. has outstanding 8,000 shares of $50 par value, 8% nonparticipating, cumulative preferred stock, and 20,000 shares of $15 par value common stock.  If the dividend on preferred stock is one year in arrears, and the total cash dividend declared this year is $140,000, the total amounts distributed to preferred and common stockholders are, respectively:   A. $60,000 and $80,000   B. $32,000 and $108,000   C. $64,000 and $76,000   D. $40,000 and $100,000

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