As of January 2016, Vera Co has 6% Preferred stock, $100 par value 10,000 shares issued and outstanding; Common stock, $5 par value, 100,000 shares issued and outstanding.

The following dividends were declared and paid in 2016, 2017 and 2018 2015 No dividends were declared and paid

2016 $15,000

2017 $40,000

2018 $110,000

declared.

a) Calculate Dividend Per Share for each year.