Question 23 Not yet answered Lobster Inc. has 45,000 shares of 2% preferred stock, $12 par and 110,000 shares of $15 par common stock. During the first two years of operations, the following amounts were distributed: First year, $6,000; Second year, $21,000. Required: Points out of 15.00 Determine the amount of the dividend that will be allocated to Preferred Stock and Common Stock. Calculate the Dividend Per Share for both Preferred and Common Stock. P Flag question 7 A- B 1 93 ! U X2 x