Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2015:

7.0% cumulative preferred stock, $100 par, 44,000 shares authorized, 22,000 shares issued	$2,200,000
Common stock, $2,200,000 par, 600,000 shares authorized, 360,000 shares issued and outstanding	$1,800,000
Additional paid-in capital: preferred stock	$110,000
Additional paid-in capital: common stock	$2,800,000
Retained earnings	$1,050,000

Dividends have been declared and paid for 2015.

Grant's total legal capital at December 31, 2015, is:

A. $6,800,000.

B. $5,750,000.

C. $4,000,000.

D. $1,160,000.

The total amount of Grant's paid-in capital at December 31, 2015, is:

A. $2,910,000.

B. $3,400,000.

C. $6,910,000.

D. $1,050,000.

The average issue price per share of Grant's preferred stock was:

A. $105.00.

B. $107.00.

C. $100.00.

D. $52.50.

The book value per share of common stock is:

A. $8.33.

B. $16.00.

C. $12.78.

D. $15.69.

The balance in Retained Earnings at the beginning of the year was $960,000, and there were no dividends in arrears. Net income for 2015 was $600,000. What was the amount of dividend declared on each share of common stock during 2015?

A. $0.25.

B. $0.99.

C. $1.10.

D. $1.83.