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Sanchez Company has 32,000 shares of 3% preferred stock of $100 par and 96,000 shares of $50 par common stock. The following amounts were distributed
Sanchez Company has 32,000 shares of 3% preferred stock of $100 par and 96,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1 | $478,000 |
Year 2 | $416,000 |
Year 3 | $504,000 |
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 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | |
Preferred dividend | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 | |
Common dividend | $fill in the blank 7 | $fill in the blank 8 | $fill in the blank 9 | |
Dividends per share: | ||||
Preferred stock | $fill in the blank 10 | $fill in the blank 11 | $fill in the blank 12 | |
Common stock | $fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 |
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