Sanchez Company has 40,000 shares of 1% preferred stock of $100 par and 104,000 shares...
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Accounting
Sanchez Company has 40,000 shares of 1% preferred stock of $100 par and 104,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $594,000 Year 2 $417,000 Year 3 $593,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $ $ $ Preferred dividend $ $ $ Common dividend $ $ $ Dividends per share: Preferred stock $ $ $ Common stock $ $ $
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