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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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