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A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 10%, $100 par, cumulative preferred stock
A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 10%, $100 par, cumulative preferred stock and 59,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. Enter "0" if no dividends are paid.
Preferred | Common | ||||
Year | Dividends | Total | Per Share | Total | Per Share |
1 | $22,500 | $ | $ | $ | $ |
2 | 30,000 | $ | $ | $ | $ |
3 | 51,290 | $ | $ | $ | $ |
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