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Sandpiper Company has 20,000 shares of cumulative preferred 1% stock of $100 par and 100,000...

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Accounting

Sandpiper Company has 20,000 shares of cumulative preferred 1% stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:Year 1$10,000Year 2 45,000Year 380,000Determine the dividends per share for preferred and common stock for each year.?

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