Question - Beagle Corporation has 20,000 shares of $10 par common stock outstanding and 12,000 shares of $100 par, 5.75% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $340,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?
$5.75; $11.50
$17.25; $6.65
$5.75; $6.65
None of the above is correct.