Sandpiper Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $30 par common stock . The following amounts were…

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Sandpiper Company has 20,000 shares of cumulative preferred 2% stock, $50  and 50,000 shares of $30 par . The following amounts were distributed as dividends:

Year 1$50,000Year 28,000Year 360,000

Determine the dividends per share for  and  for each year. Round all answers to two decimal places. If an answer is zero, enter ‘0’.


Preferred Stock


(dividend per share)

Year 1 $

Year 2 $

Year 3 $


Common Stock


(dividend per share)


Year 1 $


Year 2 $


Year 3 $

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