Hello I have managed to correctly complete part A of the assignment, can you please help me understand part B? Thanks

Problem 15-13 (Part Level Submission) Perfect Ponds Inc. (PPI) is a backyard pond design and installation company. PPI was incorporated during 2020, with an unlimited number of common shares, and 46,500 preferred shares with a $3 dividend rate authorized. PPI follows ASPE. The following transactions took place during the rst year of operations with respect to these shares: Jan. Jan. Feb. Mar. May Sept. Nov. Dec. Dec. 1 15 20 10 23 28 31 31 The articles of incorporation were led and state that an unlimited number of common shares and 46,500 preferred shares are authorized. 27,900 common shares were sold by subscription to 3 individuals, who each purchased 9,300 shares for $47 per share. The terms require 9% of the balance to be paid in cash immediately. The balance was to be paid by December 31, 2021, at which time the shares will be issued. 65,100 common shares were sold by subscription to 7 individuals, who each purchased 9,300 shares for $47 per share. The terms require that 9% of the balance be paid in cash immediately, with the balance to be paid by December 31, 2020. Shares are to be issued once the full payment is received. 46,500 common shares were sold by an underwriter for $48 per share. The underwriter charged PPI a 5% commission on the sale. PPI paid $1,860 to a printing company for costs involved in printing common share certicates. As well, an invoice for legal fees related to the issue of common shares was received for $13,950. PPI issued a combination of 1,860 common and 930 preferred shares to a new shareholder for a total price of $186,000. PPI was unable to estimate a fair value of the preferred shares, and the most recent sale of common shares was used to estimate the value of the common share portion of the transaction. PPI wanted to recognize the efforts of a key employee and offered him the opportunity to purchase 465 common shares for $48, to be paid by December 31, 2021. The employee accepted the offer and signed a note payable to PPI in the exchange. No interest was to be charged on the outstanding balance; however, the shares were issued immediately. Of the 7 subscriptions issued on February 20, ve subscriptions were paid in full and two subscribers defaulted. According to the subscription contract, the defaulting subscribers would not be issued shares for any amount that had been paid and no cash would be refunded. PPI declared a dividend of $186,000 for 2020. Net income for the year was $744,000. Date Account Titles and Explanation Debit Credit Jan. 1 No Entry No Entry Jan. 15 Cash 118017 Share Subscriptions Receivable 1193283 V Common Shares Subscribed 1311300 Feb. 20 V Cash 275373 Share Subscriptions Receivable 2784327 Common Shares Subscribed 3059700 Mar. 3 Cash 2120400 Common Shares 2120400 May 10 Common Shares 15810 Cash 15810V Sept. 23 Cash 186000 Common Shares 89280 Preferred Shares 96720 Nov. 28 Notes Receivable 22320 Common Shares 22320 Dec. 31 Cash 1988805 Share Subscriptions Receivable 1988805 (To record collection of subscriptions receivable) Dec. 31 Common Shares Subscribed 2185500 Common Shares 2185500 (To record issuance of shares for fully paid subscriptions) Dec. 31 V Common Shares Subscribed 874200 V Share Subscriptions Receivable 795522 Contributed Surplus 78678subscriptions receivable) Dec. 31 Dividends 2790 V Dividends Payable 2790 (To record dividends declared to preferred shareholders) Dec. 31 V Dividends 183210 Dividends Payable 183210 (To record dividends declared to common shareholders)(b) x Your answer is incorrect. Try again. What was amount of the dividend per share declared on December 31? (Round answer to 2 decimal places, e.g. 5.25.) Dividend per share x LINK TO TEXT LINK TO TEXT