(Answered) Question - sabas company has 40000 shares of 100 par 1

Accounting

Question - Sabas Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1:$ 50,000

Year 2:90,000

Year 3:130,000

Determine the dividends per share for preferred and common stock for each year.

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