Question: Smith & Co. has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts

Smith & Co. has 20,000 shares of 1% cumulative preferred stock of $100 par 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 $80,000

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

Year 1 Year 2 Year 3 ____________________________________________________________ ____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ ____________________________________________________________

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