MC Qu. 84 LO 18-03, 18-07 Beagle Corporation has...

Beagle Corporation has 24,000 shares of $10 par common stock outstanding and 13,500 shares of $100 par, 6.50% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $370,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?

$6.50; $13.00

$6.50; $4.45

$19.50; $4.45

None of the above is correct.