Question

A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of $10, $100 par, cumulative 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. If necessary, round your answer to two decimal places. If an amount box does not require an entry, leave it blank or enter "0".
Preferred Common
Year Dividends Total Per Share Total Per Share
1 10,000 $ $ $ $
2 25,000
3 60,000

Answer 1

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