Cantaloupe Corporation has 17,000 shares of 16%, $70 par cumulative preferred stock outstanding and 33,000 shares of no-par common stock outstanding. Preferred dividends of $15,000 are in arrears. At the end of the current year, the corporation declares a dividend of $208,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.)

Group of answer choices

The dividend per share is $12.24 for preferred stock and $0 per share for common stock.

The dividend per share is $12.24 for preferred stock and $0.08 per share for common stock.

The dividend per share is $12.08 for preferred stock and $0.08 per share for common stock.

The dividend per share is $7.00 for preferred stock and $7.04 per share for common stock.