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Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $150parand 50,000 shares of $5 parcommon stock. The following amounts were distributed as dividends: Year
Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $150parand 50,000 shares of $5 parcommon stock. The following amounts were distributed as dividends:
- Year 1$75,000
- Year 2 $24,000
- Year 3 $90,000
- Determine the dividends per share forpreferredandcommon stockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
- Year 1Year 2Year 3Preferred stock (Dividends per share)$fill in the blank 1
- $fill in the blank 2
- $fill in the blank 3
- Common stock (Dividends per share)$fill in the blank 4
- $fill in the blank 5
- $fill in the blank 6
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