Fraud Ltd. has two types of stock: Preferred Stock and Common Stock. Preferred Stock has 50,000 shares authorized, 11,000 shares outstanding, a Par Value of $75.00, a rate of 5.5%, and the shares are cumulative. Common Stock has 75,000 shares authorized, 29,000 shares outstanding and a Par Value of $15.00 per share. Last year, the Board of Directors had no cash to declare a dividend; the Preferred Stock is in arrears. This year, the Board declared a cash dividend of $100,000. 1. Calculate the dollar amount owed to Preferred and Common Stock. (round to two decimal places.) 2. Calculate the dividend per share for Preferred and Common Stock. (round to two decimal places.)