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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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