Sea crest Company has 10,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

Year 1	$7,500
Year 2	2,000
Year 3	15,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

	Year 1	Year 2	Year 3
Preferred stock (Dividends per share)	$	$	$
Common stock (Dividends per share)	$	$	$

Answer rating: 100% (QA)

Dividends per year for preferred stock100005015000 Year 1 Year2 Year3 Preferred stoc... View the full answer