18 M A corporation has 10,000 shares of 20%,$60 par cumulative preferred stock outstanding and 32,000 shares of no-par common stock outstanding. Preferred dividends of $22,000 are in arrears. At the end of the current year, the corporation declares a dividend of $236,000, 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 $5.00 for preferred stock and $13.57 per share for common stock. The dividend per share is $23.60 for preferred stock and $0 per share for common stock. The dividend per share is $14.20 for preferred stock and $2.94 per share for common stock The dividend per share is $23.60 for preferred stock and $2.94 per share for common stock