Question 9 1 pts Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2015: $600.000 $900.000 6. cumulative preferred stock, $100 par, 10.000 shares authorized, 6,000 shares issued Common stock, $3 par, 500,000 shares authorized, 300,000 shares issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings $60.000 $1.900.000 $1,090,000 Dividends have been declared and paid for 2015. Refer to the information above. The balance in Retained Earnings at the beginning of the year was $950,000, and there were no dividends in arrears. Net income for 2015 was $980,000. What was the amount of dividend declared on each share of common stock during 2015? $2.50. $2.68. $2.08. $2.00. Question 7 1 pts Stone Corporation has 25 employees and incurs total wages and salaries expense of $900,000 per year. The following table shows various payroll amounts as a percentage of this annual wage and salaries expense: 5% 15.3% Workers compensation insurance Social security and Medicare employees' share and Employer's share combined) Pension and other postretirement costs expense (paid by employer) Personal income taxes withheld Unemployment taxes expense 5% 10% 2% In addition, Stone provides group health insurance for its entire workforce. The cost of this insurance is $350 per month for each employee. Refer to the information above. Some of the payroll-related expenses incurred by Stone Corporation are mandated by law, rather than negotiated with employees. During the current year, these mandated amounts increased Stone's payroll-related expenses by approximately: $200,700. $131,850. $176,850. $68,850