Use the following financial data for Hi-Tech Instruments to answer short exercises 13-1 through 13-10

Dividends per share. Calculate the company's dividend paid per share of common stock. What was the dividend payout?

Sales revenue: $210,000

Cost of goods sold: 125,000

Net Income: 8,300

Dividends: 2,600

Earnings per share: 4.15

2016 balance sheet

9% bonds payable $40,000

common stock, $25 par value (2,000,000 shares) 50,000

Retained earnings 37,000