Find dividends per share for common stock for second year

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Sabas Company has 20,000 shares of $100 par, 2% 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:     45,000
Year 3:     90,000
?
Problem 1: Determine the dividends per share for preferred and common stock for the second year.

Reference no: EM133003643

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