(Answered) Question - sandpiper company has 20000 shares of 1

Accounting

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

Year 1: $10,000

Year 2: 45,000

Year 3: 80,000

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

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