(Answered) Dividendsnbspper sharesandpiper company has 20000 shares of

Accounting

Dividends Per Share

Sandpiper Company has 20,000 shares of cumulative preferred 4% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

Year 1	$80,000
Year 2	16,000
Year 3	120,000

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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