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Windborn Company has 15,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed
Windborn Company has 15,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
Year | Amount |
---|---|
20Y1 | $67,500 |
20Y2 | 36,000 |
20Y3 | 135,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
\begin{tabular}{lcc} & Preferred Stock (dividends per share) & Common Stock (dividends per share) \\ \hline 20Y1 & \end{tabular}
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