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5. SunCO had a retained earnings balance of $850,000 at the beginning of 2019. At the end of 2019, the company's retained earnings balance stood

5. SunCO had a retained earnings balance of $850,000 at the beginning of 2019. At the end of 2019, the company's retained earnings balance stood at $950,000. During 2019, the company earned $245,000 in net profit after taxes. The company was then able to pay its preferred shareholders a sum of $45,000. a. Calculate the common stock dividend per share in 2019 assuming there are 10,000 shares of common stock outstanding. (shares of common stock outstanding)

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