Sanchez Company has 43,000 shares of 2% preferred stock of $100 par and 100,000 shares...
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Accounting
Sanchez Company has 43,000 shares of 2% preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
| Year 1 | $577,000 |
| Year 2 | $436,000 |
| Year 3 | $544,000 |
Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent.
| Year 1 | Year 2 | Year 3 | ||
| Amount distributed | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | |
| Preferred dividend | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 | |
| Common dividend | $fill in the blank 7 | $fill in the blank 8 | $fill in the blank 9 | |
| Dividends per share: | ||||
| Preferred stock | $fill in the blank 10 | $fill in the blank 11 | $fill in the blank 12 | |
| Common stock | $fill in the blank 13 | |||
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