No handwritten work

Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock ($150 par, 10%, cumulative, non-participating) for $600,000 and additional common stocks ($4 par value) for $4,000,000. The Additional Paid in Capital (APIC) related to the common stocks was $3,200,000. On Dec 31st 2015 the company declares for the first time a dividend in the amount of $2,320,000. 13. Which dividend amount will be distributed to a person holding 1,500 common shares? a. $22,000 b. $17,400 c. $18,000 d. $16,500 e. $21,250 2.od tout periton holding 1 shoes 14. Assuming that on Jan 1st 2015 Hillel Company bought 20% out of its common stocks (shares buyback). What would be the dividend distributed to a person holding 1,500 common shares? a. $22,400 b. $12,450 c. $21,500 d. $24,250 e. $20,625