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Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed
Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $112,500 20Y2 18,000 20Y3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places.
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