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1. Sanchez Company has 30,000 shares of 3% preferred stock of $100 par and 104,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1 $484,000
Year 2 $468,000
Year 3 $506,000
Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent.
Year 1 Year 2 Year 3
Amount Distributed ___________ ____________ ______________
Preferred Dividend ___________ ____________ ______________
Common Dividend ___________ ____________ ______________
Dividends per share
Preferred Stock ___________ ____________ ______________
Common Stock ___________ ____________ ______________
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