Question 5 (1 point) A corporation has 10,000 shares of 20%, $100 par cumulative preferred stock outstanding and 37,000 shares of no-par common stock outstanding. Dividends of $25,000 are in arrears. At the end of the current year, the corporation declares a dividend of $246,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) A) The dividend per share is $22.50 to preferred stock and $0.57 per share to common stock B) The dividend per share is $24.60 to preferred stock and S0 per share to common stock c The dividend per share is $24.60 to preferred stock and $0.57 per share to common stock D) The dividend per share is $10.00 to preferred stock and $14.15 per share to common stock