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Sandpiper Company has 15,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed
Sandpiper Company has 15,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 Year 2 11,300 Year 3 67,500 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
PREFERRED STOCK | COMMON STOCK | |
YEAR 1 | ||
YEAR 2 | ||
YEAR 3 |
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