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Asap Sabas Company has issued and outstanding 36,000 shares of $100 par, 2% preferred stock and 102,000 shares of $50 par common stock. The following
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Sabas Company has issued and outstanding 36,000 shares of $100 par, 2% preferred stock and 102,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1$519,000 Vear 2425,000 Year 352,000 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal placesStep by Step Solution
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