16.

Cantaloupe Corporation has 10,000 shares of 13%,$60 par cumulative preferred stock outstanding and 30,000 shares of no-par common stock outstanding. Preferred dividends of $20,000 are in arrears. At the end of the current year, the corporation declares a dividend of $200,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) The dividend per share is $6.00 for preferred stock and $11.50 per share for common stock. The dividend per share is $20.00 for preferred stock and $0 per share for common stock. The dividend per share is $9.80 for preferred stock and $3.40 per share for common stock. The dividend per share is $20.00 for preferred stock and $3.40 per share for common stock