Sanchez Company has 31,000 shares of 5% preferred stock of $100 par and 108,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $563,000 Year 2 $445,000 Year 3 $541,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $ $ Preferred dividend $ $ Common dividend $ $ $ Dividends per share: Preferred stock Common stock