Cantaloupe Corporation has 23,000 shares of 10%, $70 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. Preferred dividends of $13,500 are in arrears. At the end of the current year, the corporation declares a dividend of $248,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) The dividend per share is $10.78 for preferred stock and $2.94 per share for common stock. The dividend per share is $7.59 for preferred stock and $2.94 per share for common stock. The dividend per share is $10.78 for preferred stock and $0 per share for common stock. The dividend per share is $7.00 for preferred stock and $6.20 per share for common stock.