QUESTION 36 Not complete Marked out of 1.00 F Flag question Earned Capital and Dividends Below is the stockholders' equity section of the balance sheet of Craft Corporation (with certain details omitted) Stockholders' equity: 6% preferred stock, $100 par, 10,000 shares authorized and ? shares issued $800,000 Common Stock, $25 par, 50,000 shares authorized,? shares issued Additional paid-in capital Preferred stock Common stock 625,000 150,000 225,000 $1,800,000 950,000 $2,750,000 Total paid-in capital Retained earnings Total stockholders' equity The balance in retained earnings at the beginning of the current year was $675,000, and there were no dividends in arrears. Net income for the current year was $350,000. Based on this information, what is the amount of the dividends declared on each share of common stock during the current year? Select one O a. $1.08 O b. $3.00 . $2.27 O d. $4.46