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Sanchez Company has 42,000 shares of 2% preferred stock of $100 par and 120,000 shares of $50 par common stock. The following amounts were distnbuted as dividends: Year1Year2Year3$593,000$479,000$584,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Amount distributed Preferred dividend Common dividend Year 3 Dividends per share: Preferred stock Common stock