15 Feb Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 20Y1
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $67,500
20Y2 22,500
20Y3 135,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places.
Preferred Stock
(dividends per share) Common Stock
(dividends per share)
20Y1 $ $
20Y2 $ $
20Y3 $ $
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