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Seacrest Company has 30,000 shares of cumulative preferred 2% stock, $100parand 50,000 shares of $30 parcommon stock. The following amounts were distributed as dividends: Year
Seacrest Company has 30,000 shares of cumulative preferred 2% stock, $100parand 50,000 shares of $30 parcommon stock. The following amounts were distributed as dividends:
Year 1. Year 2. Year3
$90,000 48,000 180,000
Determine the dividends per share forpreferredandcommon stockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Year 1 Year 2 AcYear 3
Preferred stock (Dividends per share) $__________ $____________ $_____________
Common stock (Dividends per share
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