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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
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 each year. If required, round your answers to two decimal places. If your answer is zero, please enter "0". Dividends per share Year 1 Year 2 Year 3 Preferred stock Common stock
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