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Sabas Company has issued and outstanding 40,000 shares of $100 par, 2% preferred stock and 120,000 shares of $50 par common stock. The following amounts
Sabas Company has issued and outstanding 40,000 shares of $100 par, 2% preferred stock and 120,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1 | $520,000 |
Year 2 | 494,000 |
Year 3 | 537,000 |
Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places.
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