Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:
| Year 1 |
$60,000 |
| 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 two decimal places. If an answer is zero, enter '0'.
|
Preferred Stock
(dividend per share) |
Common Stock
(dividend per share) |
| Year 1 |
$ |
$ |
| Year 2 |
$ |
$ |
| Year 3 |
$ |
$ |