Hays-Smith Company has 18,000 shares of 4% cumulative preferred stock of $125 par and 50,000 shares of $40 par common stock

Accounting Oct 19, 2020

Hays-Smith Company has 18,000 shares of 4% cumulative preferred stock of $125 par and 50,000 shares of $40 par common stock. The following amounts were distributed as dividends:

Year 1 $ 72,000

Year 2 125,000

Year 3 160,000

Determine the dividends per share for preferred and common stock for each year.

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