Chapter 11 Corporations: Organization, Stock Transactions, and Dividends 525 11-1 p 504 PE 11-1B Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The Tollowing amounts were distributed as divi- Dividends per share su dends: Year 1 Year 2 Year 3 $21,600 4,000 100,800 Determine the dividends per share for preferred and common stock for each year. OBJ.2 mmon stock