The Stockholders Equity accounts of Aspen Corp. on December 31, 2012 were as follows:

Preferred Stock (6%, $100 par, cumulative, 8000 authorized) $ 600,000

Common Stock ($3 par, 1,500,000 authorized) 900,000

APIC Preferred 90,000

APIC Common 700,000

Retained Earnings 780,000

Treasury Stock- Common ($9 cost) 45,000

During 2013 the corporation had the following transactions and events pertaining to its stockholders equity.

Mar. 21 Issued 20,000 shares of common stock in exchange for land. On the date of purchase the land had a fair market value of $210,000 and the stock was selling for $11 per share.

April 17 Sold 1,500 shares of treasury stock common for $12 per share.

Nov. 22 Purchased 700 shares of common stock for the treasury at a cost of $6,300.

Dec. 31 Determined that net income for the year was $463,000. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 12. Preferred dividends are one year in arrears.

Determine the dividend for each class of stock:

Group of answer choices

Preferred: $72,000

Common: $64,840

Preferred: $72,000

Common: $63,160

Preferred: $72,000

Common: $64,000

Preferred: $36,000

Common: $63,000

Preferred: $36,000

Common: $63,300