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Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $30 par common stock. The following amounts were distributed
Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:
Year 1 | $67,500 |
Year 2 | 36,000 |
Year 3 | 135,000 |
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'.
Year 1 | Year 2 | Year 3 | |
Preferred stock (Dividends per share) | $ | $ | $ |
Common stock (Dividends per share) | $ | $ | $ |
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