Chapter 13: Corporations: Organization, Stock Transactions, and Dividends 158, Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: Year 3: Determine the dividends per share for preferred and common stock for each 45,000 90,000 year