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5. Zero Calories Company has 100,000 shares of $50 par common stock and 60,000 shares of cumulative preferred 7.5% stock, $5 par. The following amounts
5. Zero Calories Company has 100,000 shares of $50 par common stock and 60,000 shares of cumulative preferred 7.5% stock, $5 par. The following amounts were distributed as dividends: Year 1, $15,000; Year 2, $38,000; Year 3, $100,000. Determine the amount of dividends paid each year to each of the two classes of stockholders and determine the dividend per share for preferred and common stock for each year. (Round your "Dividend per Share" answers to 3 decimal places.) Preferred stock dividend amount: Dividends Distributed Dividends to Preferred Dividend Per Share Preferred Dividends to Common Year Dividend Per Share Common 1 2 2 3
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