Golf-Easy Company has 10,000 shares of 3% preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were distributed as dividends:
Year 1 .................$ 40,000
Year 2 ................. 10,000
Year 3 ................. 120,000
Determine the dividends per share for preferred and common stock for each year.