Sanchez Company has 39,000 shares of 8% preferred stock of $100 par and 106,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $455,000 Year 2 $436,000 Year 3 $587,000 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