Dividends Per Share Sandpiper Company has 25,000 shares of cumulative preferred 3% stock, 5150 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $168,800 Year 2 45,000 Year 3 337,500 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 Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 112,500 X 56,300 x Year 2 45,000 x 0 Year 3 157,500 X 180,000 x k s Feedback 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, rather than the total amount to be distributed to each class of stock