The dividends per share for preferred and common stock

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Reference no: EM131356707

1. Sanchez Company has 30,000 shares of 3% preferred stock of $100 par and 104,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1 $484,000

Year 2 $468,000

Year 3 $506,000

Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent.

Year 1 Year 2 Year 3

Amount Distributed ___________ ____________ ______________

Preferred Dividend ___________ ____________ ______________

Common Dividend ___________ ____________ ______________

Dividends per share

Preferred Stock ___________ ____________ ______________

Common Stock ___________ ____________ ______________

Reference no: EM131356707

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