ii. Foreswood Corporation had a retained earnings balance of $1350,000 at the end of 2020. By the end of 2021, the company's retained earnings balance stood at $1500,000. During 2021, the company had operating profit of $500,000, interest expense of $85,000, and average tax rate of 34%. The company paid its preferred stockholders a sum of $45,000. Compute the common stock dividend per share in 2021 assuming 10,000 shares of common stock outstanding. (7 marks)