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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

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:

$10,000

Year 2:

45,000

Year 3:

90,000

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

Group of answer choices

a. $2.25 and $0.00

b. $2.25 and $0.45

c. $0.00 and $0.45

d. $2.00 and $0.45

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