Sabas Company has 20,000 shares of $100 par, 2% non-cumulative preferred stock and 100,000 shares preferred of $50 par common stock

Business May 15, 2021

Sabas Company has 20,000 shares of $100 par, 2% non-cumulative preferred stock and 100,000 shares preferred of $50 par common stock. The following amounts were distributed as dividends:

Year 1:10,000

Year 2:45,000

Year 3: 90,000

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

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