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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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