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Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock. The following amounts were

Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock. The following amounts were distributed as dividends:

Year 1: $30,000
Year 2: 6,000
Year 3: 80,000

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

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