Find dividends per share for preferred and common stock

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Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

Year 1$75,000
Year 2 $24,000
Year 3 $90,000

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

Reference no: EM132955519

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