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Sanchez Company has 44,000 shares of 8% preferred stock of $100 par and 96,000 shares of $50 par common stock. The following amounts were distributed
Sanchez Company has 44,000 shares of 8% preferred stock of $100 par and 96,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $529,000 Year 2 $439,000 Year 3 $561,000 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
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