On November 10, 2016, the board of directors of Cheese Crackers Bakery voted to distribute $4,720,000 to the firm's stockholders.

If the firm has issued 50,000 shares of 3% preferred stock with a par value of $50 and 1,830,000 shares of common stock outstanding, calculate the following. (Round all answers to the nearest cent.)

1. What is the dividend per share of preferred stock?

2. What is the dividend per share of common stock?