Determine the dividends per share for common stock for year

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Windborn Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

20Y1 $15,000
20Y2 5,000
20Y3 30,000

Problem 1: Determine the dividends per share for preferred and common stock for each year.

Reference no: EM133010359

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