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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$10,000Year 245,000Year 390,000Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places. If your answer is zero, please enter "0".
Dividends per shareYear 1Year 2Year 3Preferred stock$fill in the blank 1$fill in the blank 2$fill in the blank 3Common stock$fill in the blank 4$fill in the blank 5$fill in the blank 6Sabas 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: 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
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