Exercise 1. (10 points) Protege Ltd has the following information on its financial statement: Preferred Stock 6%, $100 par, cumulative, 10,000 shares authorized $ 450, 000 Common stock, $3 par, 500,000 shares authorized, 250,000 issued 750,0 00 If Protege Ltd paid a total of $85,000 in dividends, how much would each common stockholder receive for each share of stock owned? Assume there are no dividends in arrears.) If Protege Ltd did not pay a dividend for the last three years, but declared a dividend this year, how much will they have to declare in order for the common stockholders to recente $0.4 per share