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Dividends Per Share Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $15 par common stock. The following

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Dividends Per Share Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $112,500 Year 2 60,000 225,000 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, entero Year 1 Preferred stock (Dividends per share) $ Common stock (Dividends per share) Year 3 Year 3

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