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#27 Dividends per share Lightfoot Incw a software development firm, has stock outstanding as follows: 10,000 shares of cumulative prefarred 2% atock. $20 par, and
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Dividends per share Lightfoot Incw a software development firm, has stock outstanding as follows: 10,000 shares of cumulative prefarred 2% atock. $20 par, and 13,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $1,500; second year $2,500; third yeac, $18,920; fourth yeac, $41,180. Determine the dividends per share on each class of stock for each of the four years. Round all anmwera to two decimal places. If no dividends are paid in a given yeac, enter "0 Step by Step Solution
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