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Sandpiper Company has 25,000 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 25,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:
20Y1 | $56,300 |
20Y2 | 30,000 |
20Y3 | 112,500 |
Determine the dividends per share for preferred and common stock for each year.
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