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cannot figure out the third year. have tried 2.17 for the preferred stock (dividend per share) Dividends Per Share Lightfoot Inc., a software development firm,

cannot figure out the third year. have tried 2.17 for the preferred stock (dividend per share) image text in transcribed
Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 39 stock, $25 par. and 38,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $8.700; second year. $14,100; third year, $72,820; fourth year, $118,260, 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" 4th Year Preferred stock (dividend per share) 0.75 Common stock (dividend per share) 2.52 1st Year 2nd Year 3rd Year 0.29 0.47 0 X 0 0 1.10 x Feedback Check My Woo Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the question asking for a per share amount or total amount per class of stock

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