Question: A company had stock outstanding as follows during each of its first three years of operations: 2,000 shares of $10, $100 par, preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for each year by completing the schedule.
Preferred Common
Year Dividends Total Per Share Total Per Share
1 $10,000
2 $25,000
3 $60,000