14th Edition Basic Exercise 12-1 Dividends Per Share Zero Calories has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends: THE BOD Determines the dividend Year 1 21,600 Year 2 $ Year 3 100,800 4,000 Determine the dividends per share for preferred and common stock each year Cumulative Dividend Preferred DPS Com Dividend Common DPS Pref Number of Shares Legal Dividend % Par Value Per Share Legal Dividend $$ Total Legal Dividend $$ Year 1 $ 21,600 Year 2 $ 4,000 Year 3 $ 100,800 Total