Determine dividends per share for preferred and common stock

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Question - Oceanic Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:

Year 1 - $40,000

Year 2 - $8,000

Year 3 - $60,000

Determine the dividends per share for preferred and common stock for each year.

Reference no: EM133096551

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