Oceanic Company has 10,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

Year 1. 7,500

Year 2. 2,000

Year 3. 15,000

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

Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 Year 2 Year 3 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 '0'. $7,500 2,000 15,000 Preferred Stock Common Stock (dividend per share) (dividend per share) Year 1 Year 2 Year 3