National Furniture Company has 25,000 shares of cumulative preferred 2% stock, $75 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends:
Year 1 .............................. $25,000
Year 2 ..............................88,000
Year 3 ..............................95,500
Determine the dividends per share for preferred and common stock for each year.