ABC Company began business last year and has had the following outstanding stock since inception 10,000 shares of 5%, 550 par value, cumulative preferred stock and 20.000 shares of no-par common stock The company did not declare or pay dividends during the last two years In the current year, the board of directors declared total dividends of $110.000 What portion of the current year dividend would go to each class of stock? Preferred $100.000, Common $10,000 Preferred $75,000. Common $35,000 Preferred $30,000, Common $80,000 Preferred $25,000. Common $85,000 Callahan Corporation had net income of $230,000. All year long, there were 80,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. There were no issuances of stock during the year. Dividends of $10,000 and $6,000 were paid to common and preferred shareholders, respectively. Earnings per share is: $2.61 per share $2.68 per share $2.75 per share $2.80 per share