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

| June 8, 2016

Question
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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