the stockholders' equity of TWOCO at December 31, 2019

6% cumulative preferred stock, $100 par, 10,000 shares authorized, 6,000 shares issued	$	600,000
Common stock, $3 par, 500,000 shares authorized, 300,000 shares issued and outstanding	$	900,000
Additional paid-in capital: preferred stock	$	60,000
Additional paid-in capital: common stock	$	1,900,000
Retained earnings	$	1,090,000

The balance in Retained Earnings at the beginning of the year was $950,000, and there were no dividends in arrears. Net income for 2019 was $980,000. What was the amount of total dividends declared?

1,930,000

Impossible to determine from the information given.

1,090,000

840,000

What was the amount dividend declared on each share of common stock during 2019?

2.68

3.00

6.00

Impossible to determine from the information given.