A corporation has 14,000 shares of 11%, $108.00 par noncumulative preferred stock outstanding and 28,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $220,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) OA. The dividend per share is $11.88 to preferred stock and $11.88 to common stock OB. The dividend per share is $11.88 to preferred stock and $28.52 to common stock. C. The dividend per share is $11.88 to preferred stock and $1.92 to common stock. OD. The dividend per share is $7.92 to preferred stock and $1.92 to common stock