please answer correct with detailed explanation

17. The Roosevelt Car Company has determined that it will pay a total cash dividend of $80,000. Roosevelt has 1,000 shares of 5%, $100 par, cumulative, non-participating preferred stock with two years of dividends in arrears, currently selling for $131/share, and 20,000 shares of no-par, no stated value common stock issued and outstanding, currently selling for $15/share. How much cash dividend will be paid on each share of common stock? A. S3.02 B. $3.25 C. $3.50 D. $3.75 E. $4.00