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Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 11,000 shares of cumulative preferred 1% stock, $140 par, and

Dividends Per Share

Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 11,000 shares of cumulative preferred 1% stock, $140 par, and 37,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $10,340; second year, $14,300; third year, $46,350; fourth year, $84,220.

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".

1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $ $ $ $
Common stock (dividend per share) $ $ $ $

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