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sandpiper co. has 15,000 shares of cumulative preferred 1% stock,$50 par and 50,000 shares of $30 par common stock. following amounts distributed as dividends. 20y1

sandpiper co. has 15,000 shares of cumulative preferred 1% stock,$50 par and 50,000 shares of $30 par common stock. following amounts distributed as dividends. 20y1 $18,800 20y2 $3,000 20y3 $22,500. determine dividends per share for preferred and common stock for each year.

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