4. DuraGoods paid dividends of $340,000 during 2016. Of that amount, $120,000 was paid to preferred shareholders, and $220,000 was paid to common shareholders. As of the record date, there were 10,000 preferred shares outstanding and 25,000 common shares outstanding. For 2016, what were the preferred dividends per share, and what were the common dividends per share?

Group of answer choices

A. $34 preferred; $13.60 common

B. $12 preferred; $8.80 common

C. $34 preferred; $8.80 common

D. $12 preferred; $13.60 common

7. Matts Lawns purchased a new lawn mower for $32,000 and expects to use it for 10 years. The mower has a $2,000 salvage value. If Matts uses the double-declining balance method for determining depreciation, what is the total depreciation expense that will be recorded for the lawn mower for the first year?

Group of answer choices

A. $6,000

B. $6,400

C. $3,200

D. $3,000