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Sabas Company has 2 0 , 0 0 0 shares of $ 1 0 0 par, 2 % cumulative preferred stock and 1 0 0

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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1:
Year 2:
Year 3:
$10,000
45,000
90,000
Determine the dividends per share for preferred and common stock for the third year.
a. $4.50 preferred and $0.25 common
b. $4.50 preferred and $0.90 common
c. $3.25 preferred and $0.25 common
d. $2.00 preferred and $0.25 common
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