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Dividends Per Share Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The

Dividends Per Share

Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends:

Year 1 $21,600
Year 2 4,000
Year 3 100,800

Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places.

Preferred Stock (dividend per share) Common Stock (dividend per share)
Year 1 $ $
Year 2 $ $
Year 3 $ $

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