Sanchez Company has 43,000 shares of 2% preferred stock of $100 par and 100,000 shares...
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Accounting
Sanchez Company has 43,000 shares of 2% preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1
$577,000
Year 2
$436,000
Year 3
$544,000
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
$fill in the blank 1
$fill in the blank 2
$fill in the blank 3
Preferred dividend
$fill in the blank 4
$fill in the blank 5
$fill in the blank 6
Common dividend
$fill in the blank 7
$fill in the blank 8
$fill in the blank 9
Dividends per share:
Preferred stock
$fill in the blank 10
$fill in the blank 11
$fill in the blank 12
Common stock
$fill in the blank 13
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