Transcribed Image Text: Windborn Company has 20,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:

Transcribed Image Text: Windborn Company has 20,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were
distributed as dividends:
Year 1
$80,000
Year 2
20,000
Year 3
120,000
Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require
an entry, leave it blank.
Year 1
Year 2
Year 3
Preferred stock (Dividend per share)
$
Common stock (Dividend per share)
X
$
$4

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