Dividends Per Share Sandpiper Company has 10,000 shares of cumulative preferred 1% stock, $50 par...
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Accounting
Dividends Per Share
Sandpiper Company has 10,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
| 20Y1 | $12,500 |
| 20Y2 | 2,500 |
| 20Y3 | 15,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
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