(Answered) Question - windborn company has 20000 shares of cumulative

Accounting

Question - Windborn Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

Year 1 $75,000

Year 2 12,000

Year 3 90,000

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

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