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Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50parand 50,000 shares of $5 parcommon stock. The following amounts were distributed as dividends: Year
Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50parand 50,000 shares of $5 parcommon stock. The following amounts were distributed as dividends:
Year 1 $30,000
Year 2 $2,000
Year 3 $45,000
Determine the dividends per share forpreferredandcommon stockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Preferred stock (Dividends per share)$$$ Year 1 Year 2 Year 3
______ _______ ________
Common stock (Dividends per share)$$$ Year 1 Year 2 Year 3
_______ _______ ________
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