Corporation has 90000 shares of 1.80 preferred stock outstanding in addition to its common stock. The designation means that the preferred stockholders receive an annual cash dividend of ______ per share. In , Corporation declares an annual dividend of ______. The allocation to preferred and common stockholders is ________.
________. $1.50, $135,000
2) $1.80, $162,000
3) $2.00, $180,000
4) $2.50, $225,000
