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Sabas Company has 49,000 shares of $100 par, 3% preferred stock and 99,000 shares of $50 par common stock issued and outstanding. The following amounts
Sabas Company has 49,000 shares of $100 par, 3% preferred stock and 99,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1: $550,000 Year 2: 482,000 Year 3: 571,000 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 Year 1 Year 2 Year 3 Preferred stock $ $ Common stock $
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