Question - Seacrest Company has 30,000 shares of 2% cumulative preferred stock of $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:
Year 1 $90,000
Year 2 $12,000
Year 3 $90,000
Year 1 $90,000
Year 2 12,000
Year 3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to nearest cent.