has issued 10,000 shares of $100 par, 5% dividend rate, cumulative preferred stock, and 1,000,000 share of $1 par common stock. For 2017, their first year of business operations, Mr. Robots Board of Directors declared a $200,000 cash dividend. The dividend per share for common stock holders will be

		$0 because the preferred stock is cumulative
		$.10
		$.15
		$.20