Question 2(3.5 points)

On December 31, 2018, AdelphiCorporation has outstanding 1,000 shares of $100 par value, 6% cumulative and nonparticipating preferred stock, and 5,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017.During 2018, Alpha distributed $45,000 in dividends. Use this information to determine for 2018 the dollar amount of dividends that will be distributed perCommon Share.Round answer to closest cent.