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(5 points) On December 31, 2021, Steling, Inc. had outstanding 20,000 shares of $100 par value 12% cumulative preferred stock and 100,000 shares of $2

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(5 points) On December 31, 2021, Steling, Inc. had outstanding 20,000 shares of $100 par value 12% cumulative preferred stock and 100,000 shares of $2 par value common stock. On December 31, 2020, dividends in arrears on the preferred stock were $30,000. Cash dividends declared in Year 11 totaled $300,000. How much was the dividend per share for the preferred stockholders in 2021? (LE 16 & 17) $0.60 $13.50 $12.00 O $0.30

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