Determining Preferred Dividend Distributions Olvia inc had 60,000 outstanding shares of common stock, $0.01 par, and 16,000 outstanding shares of 7%, cumulative preferred stock, $50 par throughout its initial four years of operations. The company declared dividends of $0,$80,000,580,000,580,000, in years 1,2,3, and 4 , respectively. Required Determine how the dividends were shared between the preferred and common shareholders in years 2,3 , and 4 in total and on a per share basis. Note. Enter the per share amounts in dollars and cents, rounded to the nearest penny