Could you please include your calculations, TY.

Allison Company has 40,000 shares of $320 par value, 5% cumulative preferred stock and 140,000 shares of $80 par value common stock. Allison declares and pays cash dividends amounting to $900,000. If no arrearage on the preferred stock exists, how much in dividends per share (use two decimal places) is paid to the common stockholders?

Select one:

A. $ 6.44

B. $16.00

C. $ 1.86

D. $ 4.00