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Year 1 Sabas Company has issued and outstanding 35,000 shares of $100 par, 7% preferred stock and 82,000 shares of $50 par common stock. The
Year 1 Sabas Company has issued and outstanding 35,000 shares of $100 par, 7% preferred stock and 82,000 shares of $50 par common stock. The following amounts were distributed as dividends $523,000 459,000 508,000 Year 2 Year 3 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places. Dividend per share: Preferred stock Common stock Year 1 Year 2 Year 3
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