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Determine the dividends per share for preferred stock

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Question - Seacrest Company has 30,000 shares of 2% cumulative preferred stock of $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

Year 1     $90,000

Year 2     $12,000

Year 3     $90,000

Year 1    $90,000

Year 2    12,000

Year 3    90,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to nearest cent.

Reference no: EM131798281

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