Lasers4U Company has 10,000 shares of 2% comulative preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were distributed as dividends are as in first line in chart below:
Determining the dividends per share for preferred and common stock for each year. I need help with trying to figure this out. Keep getting wrong anwers when I do sample exercises.
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Year 1 |
Year 2 |
Year 3 |
| Amount distributed |
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$ 18,000 |
$ 7,500 |
$ 35,000 |
| Preferred dividend (10,000 shares) |
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| Common dividend (25,000 shares) |
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| Dividends per share: |
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| Preferred stock |
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| Common stock |
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