Sanchez Company has 49,000 shares of 2% preferred stock of $100 par and 114,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1$546,000Year 2$499,000Year 3$583,000Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent.

Year 1Year 2Year 3Amount distributed$$$Preferred dividend$$$Common dividend$$$Dividends per share:Preferred stock$$$Common stock$$$