Sanchez Company has 38,000 shares of 5% preferred stock of $100 par and 112,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1 $538,000 Year 2 $440,000 Year 3 $510,000 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 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Preferred dividend $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Common dividend $fill in the blank 7 $fill in the blank 8 $fill in the blank 9           Dividends per share:         Preferred stock $fill in the blank 10 $fill in the blank 11 $fill in the blank 12   Common stock $fill in the blank 13 $fill in the blank 14 $fill in the blank 15

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sanchez Company has 38,000 shares of 5% preferred stock of $100 par and 112,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends:

Year 1 $538,000
Year 2 $440,000
Year 3 $510,000

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 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
Preferred dividend $fill in the blank 4 $fill in the blank 5 $fill in the blank 6
Common dividend $fill in the blank 7 $fill in the blank 8 $fill in the blank 9
         
Dividends per share:      
  Preferred stock $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
  Common stock $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
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