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Sabas Company has 33,000 shares of $100 par, 3% preferred stock and 94,000 shares of $50 par common stock issued and outstanding. The following amounts
Sabas Company has 33,000 shares of $100 par, 3% preferred stock and 94,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends:
Year 1:$561,000
Year 2:500,000
Year 3:599,000
Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places.
Dividends per shareYear 1Year 2Year 3
Preferred stock$$$
Common stock$$$
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