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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
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 each year.
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