Sanchez Company has 43,000 shares of 8% preferred stock of $100 par and 81,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $489,000 Year 2 Year 3 $490,000 $564,000 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