Seacrest Company has 25,000 shares of cumulative preferred 3 stock, $100 par, and 50,000 shares of $10 par common stock The following amounts were distributed as dividends 20Y1 $150,000 20Y2 37,500 20Y3 225,000 Determine the dividends per share for preferred and common stock for each year Round all...

SOLUTION Seacrest Company Step 1 Compute the annual dividends entitled to cumulative preferred stockholders Par value of preferred stock ...

Seacrest Company has 25,000 shares of cumulative preferred 3% stock, $100 par, and 50,000 shares of $10

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Question:

Seacrest Company has 25,000 shares of cumulative preferred 3% stock, $100 par, and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:

20Y1	$150,000
20Y2	37,500
20Y3	225,000

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)
20Y1	$fill in the blank 1	$fill in the blank 2
20Y2	$fill in the blank 3	$fill in the blank 4
20Y3	$fill in the blank 5	$fill in the blank 6