A company had shares outstanding as follows during each of its first three years of operations: 2,000 shares of 8%, $100 par, cumulative preferred stock and 34,000 shares of $10 par, common stock. The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. Enter "0" if no dividends are paid.

		Privileged		common
Year	dividends	Total	per share	Total	per share
1	$12,000	ps	ps	ps	ps
2	16,000	ps	ps	ps	ps
3	24,740	ps	ps	ps	ps

Answer rating: 100% (QA)

To determine the total and pershare dividends for each class of stock for each year we can use the f... View the full answer