The shareholders' equity of Sarikas Company includes the items shown below. The board of directors...

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Accounting

The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash
dividends of $3.7 million, $6.0 million, and $52.8 million in each of its first three years of operation: 2022,2023, and 2024,
respectively.
Common stock, $1 par, 50,000,000 shares outstanding
Preferred stock, 6%,$100 par, 1,000,000 shares outstanding
Required:
Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is
cumulative and nonparticipating.
Note: Round your final answers to 2 decimal places.
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