Dividends Per Share

Seacrest Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

Year 1	$150,000
Year 2	48,000
Year 3	180,000

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 Cash Dividends

The declaration, record, and payment dates in connection with a cash dividend of $40,000 on a corporation's common stock are February 1, March 18, and May 1.

Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Feb. 1	Cash Dividends
	Cash Dividends Payable
Mar. 18
May. 1