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Dividends Per Share National Furniture Company has 25,000 shares of cumulative preferred 2% stock, $75 par and 200,000 shares of $10 par common stock. The

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Dividends Per Share National Furniture Company has 25,000 shares of cumulative preferred 2% stock, $75 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 Year 2 Year 3 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0. Round all answers to two decimal places. $25,000 88,000 95,500 Preferred Stock Common Stock (dividend per share) (dividend per share) Year 1 Year 2 Year 3 Check My Work Determine what amount of current dividends that preferred stock should receive per year Keep in mind that the question is asking for a dividend per share for each year and class of stock Learning Objective 3 , rather than the total amount to be distributed to each class of stock Next Check My Work

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