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Question Content Area Sabas Company has issued and outstanding 46,000 shares of $100 par, 4% preferred stock and 111,000 shares of $50 par common stock.
Question Content Area Sabas Company has issued and outstanding 46,000 shares of $100 par, 4% preferred stock and 111,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $575,000 Year 2 467,000 Year 3 539,000 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places.
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