Smith Company Has 40,000 Shares of $80 Par Value, 5

Smith Company has 40,000 shares of $80 par value, 5% cumulative preferred stock and 140,000 shares of $20 par value common stock. Smith declares and pays cash dividends amounting to $225,000.
If no arrearage on the preferred stock exits, how much in dividends per share is paid to the common stockholders?

A) $0.46
B) $4.00
C) $1.00
D) $1.61