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Determine the dividends per share for preferred and common

Question - Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock.

The following amounts were distributed as dividends:

Year 1 $100,000

Year 2 20,000

Year 3 150,000

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'.

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Accounting Basics: Determine the dividends per share for preferred and common

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Accounting Basics: Determine the dividends per share for preferred and common

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