Cantaloupe Corporation has $17,000$ shares of $14\%,$$$70$ par cumulative preferred stock outstanding and $31,000$ shares of no$-$

par common stock outstanding. Preferred dividends of $$15,500$ are in arrears. At the end of the current year, the corporation

declares a dividend of $$246,000.$ What is the dividend per share for preferred stock? $($Round your answer to the nearest cent.$)$

The dividend per share is $$10\mathrm{.}71$ for preferred stock and $$2\mathrm{.}06$ per share for common stock.

The dividend per share is $$14\mathrm{.}47$ for preferred stock and $$2\mathrm{.}06$ per share for common stock.

The dividend per share is $$7\mathrm{.}00$ for preferred stock and $$8\mathrm{.}32$ per share for common stock.

The dividend per share is $$14\mathrm{.}47$ for preferred stock and $$0$ per share for common stock.