Calculator Sanchez Company has 45,000 shares of 8% preferred stock of $100 par and 82,000 shares of $50 par common stock. The following amounts were distributed as dividends: $516,000 $498,000 $557,000 Year 1 Year 2 Year 3 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed Preferred dividend Common dividend c) Dividends per share: Preferred stock Common stock