Question

Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 4% stock, $20 par, and 31,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $7,500; second year, $12,500; third year, $68,210; fourth year, $115,790. Calculate the dividends per share on each class of stock for each of the four years.

Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

	Year 1	Year 2	Year 3	Year 4
Preferred stock (dividend per share)
Common stock (dividend per share)

Answer 1