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The shareholders' equity of Crystal Company includes the tems shown below. The board of directors of Crystal declared cash dvMdends of $2.5 mililon, $5.0 million,
The shareholders' equity of Crystal Company includes the tems shown below. The board of directors of Crystal declared cash dvMdends of $2.5 mililon, $5.0 million, and $46.0 million In each of lts first three years of operation: 2016, 2017, and 2018, respectvely Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 5%, $100 par, 1,000,000 shares outstanding Required Determine the amount of dMdends per share on preferred and common stock for each of the three years. The preferred stock ts cumulative and nonpartcipating. (Round final answers to 2 declmal places.) Year Preferred Common 2010 2017 2018 Prevto 10 type
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