Question - Sabas Company has 20,000 shares of $100 par, 1% non-cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1: $10,000
Year 2: 15,000
Year 3: 90,000
Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places.