Seacrest Company has 30,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares...
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Accounting
Seacrest Company has 30,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
Year
Amount
20Y1
$135,000
20Y2
45,000
20Y3
270,000
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'.
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