Assignment Problem: Dividends Per Share
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:
Year 1: $37,500
Year 2: 7,500
Year 3: 45,000
Determining the dividends per share for preferred and common stock for each year. Rounding all answers to two decimal places.
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