A Corporation Has 13,000 Shares of 12%,$103 Par Noncumulative Preferred

A corporation has 13,000 shares of 12%,$103 par noncumulative preferred stock outstanding and 24,000 shares of no-par common stock outstanding.At the end of the current year,the corporation declares a dividend of $220,000.What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent. )

A) The dividend per share is $12.36 to preferred stock and $2.47 to common stock.
B) The dividend per share is $8.02 to preferred stock and $2.47 to common stock.
C) The dividend per share is $12.36 to preferred stock and $12.36 to common stock.
D) The dividend per share is $12.36 to preferred stock and $27.96 to common stock.