Question: Master Craftmen Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock . The following

Master Craftmen Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par . The following amounts were distributed as dividends:
Year 1 $30,000
Year 2 6,000
Year 3 80,000

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

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