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Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed
Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $20,000 Year 2 4,000 Year 3 30,000 I need to find the preferred dividend per share and common dividend per share for years 1, 2, & 3?
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