Tanner Corporation declared a $3 million dividend in 2018. The following share capital was outstanding: 4,000,000 common shares; 50,000 cumulative preferred shares with an $8 dividend amount. No dividend was declared in 2017. How much will be distributed per share to the preferred shareholders and common shareholders, respectively? $8 and $0.55 $16 and $0.65 $16 and $0.55 $8 and $0.65