l ABC Company has 10,000 shares of S 100 par 1% non-cumulative preferred stock and 50,000 shares of par common stock. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $10,000 45,000 190,000 Determine the dividends per share for preferred and common stock for each year. ANS Amount distributed Preferred dividend (10,000 shares) Common dividend (50,000 shares) Dividends per share Preferred stock Common stock 2. ABC Company has 20,000 shares of S100 par, 2% cumulative preferred stock and 80,000 shares of SSO par common stock. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $35,000 105,000 90,000 Determine the dividends per share for preferred and common stock for each year. ANS: Amount distributed Preferred dividend (20,000 shares) Common dividend (80,000 shares) Dividends per share: Preferred stock Common stock Current year preferred dividend in arrears