Sanchez Company has 50,000 shares of 2% preferred stock of $100 par and 94,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $513,000 Year 2 $488,000 $554,000 Year 3 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 TA Common stock $