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Sabas Company has 38,000 shares of $100 par, 4% preferred stock and 96,000 shares of $50 par common stock issued and outstanding. The following
Sabas Company has 38,000 shares of $100 par, 4% preferred stock and 96,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $454,000 492,000 591,000 Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places. Dividends per share Preferred stock Common stock Year 1 Year 2 Year 3
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