Question: Sandpiper Company has 15,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 Year 2 11,300 Year 3 67,500 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'.
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PREFERRED STOCK |
COMMON STOCK |
| YEAR 1 |
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| YEAR 2 |
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| YEAR 3 |
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