Joes Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: year 1= 10000 year 2= 45000 year 3= 90000

Determine the dividends per share for preferred and common stock for year.

Amount distributed: Year 1 Year 2 Year 3

Preferred dividend

Common dividend

Dividends per share:

Preferred dividend

Common dividend