(Answered) Question - seacrest company has 30000 shares of 2

Accounting

Question - Seacrest Company has 30,000 shares of 2% cumulative preferred stock of $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

Year 1 $90,000

Year 2 $12,000

Year 3 $90,000

Year 1 $90,000

Year 2 12,000

Year 3 90,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to nearest cent.

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