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. This year, the Board of Directors declared a cash dividend of $50,000. 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.)