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Sanchez Company has 48,000 shares of 4% preferred stock of $100 par and 120,000 shares of $50 par common stock. The following amounts were distributed

Sanchez Company has 48,000 shares of 4% preferred stock of $100 par and 120,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1 $558,000
Year 2 $444,000
Year 3 $505,000

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 $ $ $

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