Table 13-7
Masters Inc $\quad\quad\quad \$ 100,000$ Common Shares, Unlimited Number of Shares Authorized

Table 13-7
Masters Inc.
Partial Balance Sheet
December 31,2017
Shareholders' Equity
Contributed Capital:
Preferred shares, $1.00, 100,000 shares authorized, 20,000
shares issued $\quad\quad\quad \$ 100,000$ Common shares, unlimited number of shares authorized,
$\begin{array}{ll}\text { 100,000 shares issued } & \underline{350,000} \\\text { Total contributed capital } & 450,000 \\\text { Retained earnings } & \underline{170,000} \\\text { Total shareholders' equity } & \underline{\$ 620,000}\end{array}$

-Refer to Table 13-7.Assume that the preferred shares are cumulative and that there have been no dividends declared in 2015 and 2016.A dividend in the total amount of $85,000,was declared and paid on December 3,2017.What was the dividend amount per share received by the common shareholders?