The Stockholders Equity accounts of ExxonMobil on December 31, 2022 were as follows:

Preferred Stock ( 6% , $100 par, cumulative, 800 authorized) $720,000

Common Stock ( $3 par, 1,500,000 authorized) 1,080,000

APIC Preferred Stock 108,000

APIC Common Stock 840,000 Retained Earnings 936,000

Treasury Stock Common ( $9 cost) 54,000

During 2023, ExxonMobil had the following transactions and events pertaining to its stockholders equity:

March 21: Issued 24,000 shares of Common Stock in exchange for Land. On the date of purchase, the Land had a Fair Market Value of $252,000 and the stock was selling for $11 per share.

April 17: Sold 1,800 shares of Treasury Stock Common for $12 per share.

November 22: Purchased 800 shares of Common Stock for the Treasury at a cost of $7,600.

December 31: Determine that net income for the year was $555,600. 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:

Select one:

a.

Preferred:	$86,400
Common:	$77,808

b.

Preferred:	$43,200
Common:	$76,100

c.

Preferred:	$43,200
Common:	$75,800

d.

Preferred:	$86,400
Common:	$75,800

e.

Preferred:	$86,400
Common:	$76,800