Dividends per shareOceanic Company has $10,000$ shares of cumulative preferred $1\%$ stock, $$150$ par and $50,000$ shares of $$20$ par common stock. The following amounts were distributed as dividends:YearAmount$20$Y$1$$$30,00020$Y$212,00020$Y$345,000$Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter $\text{'}0\text{'}.$YearPreferred Stock$($dividends per share$)$Common Stock$($dividends per share$)20$Y$1$$fill in the blank $1$$fill in the blank $220$Y$2$$fill in the blank $3$$fill in the blank $420$Y$3$$fill in the blank $5$$fill in the blank $6$Feedback AreaFeedbackDetermine 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.Check My WorkPreviousNext