Stockholders' equity of Delta Corp at Dec. 31 2015

6% cumulative preferred stock $100 par. 10,000 share authorized 6,000 shares issued $600,000

Common stock $3 par 500,000 shares authorized, 300,000 shares issued & outstanding $900,000

Additional paid in capital preferred stock $60,000

Addition paid in capital common stock $1,900,000

Retained earnings $1,090,000

Dividends have been paid for 2015

The balance in retained earnings at the beginning of the year was $950,000 and there were no dividends in arrears. Net income for 2015 was $980,000. What was the amount of dividends declared on share of common stock during 2015?

a) 2.50

b) 2,00

c) 2.38

d) 2.08