Sanchez Company has 42,000 shares of 2% preferred stock of $100 par and 96,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1 $568,000 Year 2 Year 3 $487,000 $519,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Amount distributed Preferred dividend $ Common dividend Dividends per share: Preferred stock Common stock Year 1 Year 2 Year 3