Question 1

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Dividends Per Share

Sandpiper Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:

Year 1	$40,000
Year 2	10,000
Year 3	60,000

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'.

	Preferred Stock (dividends per share)	Common Stock (dividends per share)
Year 1	$	$
Year 2	$	$
Year 3	$	$

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