Sanchez Company has 32,000 shares of 1% preferred stock of $100 par and 84,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $593,000 Year 2 $490,000 Year 3 $564,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Amount distributed Preferred dividend Common dividend Dividends per share: Preferred stock Common stock Year 2 Year 3