4. Sommar Company anticipates it will have $200,000 available to pay dividends on June 30,2022 . The State of Kansas has authorized the company to issue 50,000 shares of 10%, $100 par cumulative preferred stock and 500,000 shares of $1.50 par value common stock. On January 1st, the company has 2,500 shares of preferred and 40,000 shares of its common stock outstanding. The preferred shareholders had paid a total of $300,000 for these shares and the common shareholders paid $1,115,000. As of January 1 st, dividends are in arrears for 2 years. On May 2, 10,000 shares of common stock were issued for $32 per share. Required: Determine the dividends per share to be paid to each class of stock on June 30 , 2022. (10 points)