Exercise 8-14 Preferred stock-calculate dividend amounts LO 2 Qamar, Inc., did not pay dividends in 2012 or 2013, even though 47,200 shares of its 7.3%, $80 par value cumulative preferred stock were outstanding during those years. The company has 226,000 shares of $2.5 par value common stock outstanding. Required: a. Calculate the annual dividend per share obligation on the preferred stock. (Round your answer to 2 decimal places.) b. Calculate the amount that would be received by an investor who has owned 170 shares of preferred stock and 520 shares of common stock since 2011 if a $0.30 per share dividend on the common stock is paid at the end of 2014. (Round your answer to the nearest whole dollar.)