Sabas Company Has 40,000 Shares of $100 Par, 1% Preferred $\begin{array}{lr}\text { Year 1: } & \$ 50,000 \\\text { Year 2: } & 90,000 \\\text { Year 3: } & 130,000\end{array}$

Essay

Sabas Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: $\begin{array}{lr}\text { Year 1: } & \$ 50,000 \\\text { Year 2: } & 90,000 \\\text { Year 3: } & 130,000\end{array}$ ​
Determine the dividends per share for preferred and common stock for each year.