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Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock. The following

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Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $30,000 Year 2 8,000 Year 3 60,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'O'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ Common stock (Dividends per share) $

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