# Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 1% stock, $50 par and... ###### Question: Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 1% stock,$50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:  Year 1$15,000 Year 2 3,000 Year 3 22,500

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

 Year 1 Year 2 Year 3 Preferred stock (Dividends per share)  $Common stock (Dividends per share)$ 

Entries for Issuing Stock

On January 22, Shamrock Corporation issued for cash 17,000 shares of no-par common stock at $45. On February 14, Shamrock issued at par 7,000 shares of 8%,$50 par preferred stock for cash. On August 30, Shamrock Corporation issued for cash 35,000 shares of preferred 8% stock, $50 par at$55.

Journalize the entries to record the January 22, February 14, and August 30 transactions.
For a compound transaction, if an amount box does not require an entry, leave it blank.

 Jan. 22 Feb. 14 Aug. 30

Entries for Cash Dividends

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