Dividends Per Share Sandpiper Company has 20,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $60,000 Year 2 32,000 Year 3 120,000 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) Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 16,000 shares of no-par common stock at $45. On February 14, Shamrock issued at par 6,000 shares of 7%, $100 par preferred stock for cash. On August 30, Shamrock Corporation issued for cash 25,000 shares of preferred 7% stock, $100 par at $114. Journalize the entries to record the January 22, February 14, and August 30 transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 22 - Feb. 14 ) Aug. 30 Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Preferred Stock Retained Earnings