Dividends Per Share

Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

Year 1	$45,000
Year 2	24,000
Year 3	90,000

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 '0'.

	Year 1	Year 2	Year 3
Preferred stock (Dividends per share)	$	$	$
Common stock (Dividends per share)	$	$	$

Entries for Stock Dividends

Vienna Corporation has 32,000 shares of $70 par common stock outstanding. On June 8, Vienna Corporation declared a 4% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $97 per share on June 8.

Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Jun. 8
Jul. 13
Aug. 12

Entries for Treasury Stock

On May 27, Buzz Off Inc. reacquired 5,800 shares of its common stock at $28 per share. On August 3, Buzz Off sold 3,500 of the reacquired shares at $31 per share. November 14, Buzz Off sold the remaining shares at $27 per share.

Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank.

May 27
Aug. 3
Nov. 14