Dividends Per Share
Sandpiper Company has 20,000 shares of cumulative preferred 4% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
| Year 1 |
$80,000 |
| Year 2 |
16,000 |
| Year 3 |
120,000 |
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'.