Ch 13-14 Homework Didade Per Share Lightfoot Inc., a software development firm has took outstanding as follows: 20,000 shares of cumulative preferred 2% stock, $20 par, and 25,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividende: first year, $3,000 second year $5,000; third year: 536.000 fourth year, 576,000 Caliculate the dividends por 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 your enter 1st Year 2nd Year 3rd Year 4th Year Preterred stock (dividend par share) Common stock (dividend per share) Instructions Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 30,000 shares of preferred 2% stock, $100 par and 500,000 shares of S10 par common stock. The following selected transactions were completed during the first year of operations: July 1 1 Issued 212,000 shares of common stock at par for cash. Issued 300 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation Issued 66,400 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $148,100, $521,840 and $166,700 respectively. Issued 15,000 shares of preferred stock at $108 for cash. Aug 7 Sept. 20