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The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash dividends of $4.0 million, $7.0
The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash dividends of $4.0 million, $7.0 million, and $56.0 million in each of its first three years of operation: 2022, 2023, and 2024, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 7%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is cumulative and nonparticipating. Note: Round your final answers to 2 decimal places. Year Preferred Common 2022 Per share Per share 2023 Per share Per share 2024 Per share Per share
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