The outstanding share capital of Hamilton Corporation includes 2,000 shares of $8, cumulative, preferred shares and 5,000 common shares, which had been issued at $25 per share. Total dividends paid in 2020 was $0.

In 2021, Hamilton Corporation declared and paid $47,000 in dividends.

REQUIRED:

1. Calculate the allocation of the $47,000 between the common and preferred shareholders for 2021. (No journal entry is required, show your calculations.)

2. Calculate the dividend per share to each class. (show your calculations)