(Answered) Question - sabas company has 20000 shares of 100 par 1

Accounting

Question - Sabas Company has 20,000 shares of $100 par, 1% non-cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1: $10,000

Year 2: 15,000

Year 3: 90,000

Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places.

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