Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of cumulative preferred 1% stock, $14 par, and 83,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $23,500; second year, $56,500; third year, $89,670; fourth year, $147,880. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividend are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.94 Common stock (dividend per share) Fondback Check My Work Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock shoul receive per year. Is the question asking for a per share amount or total amount per class of stock