Sanchez Company has 38,000 shares of 4% preferred stock of $100 par and 118,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1 $451,000 Year 2 $453,000 Year 3 $563,000 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