Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 1% stock, $110 par, and 53,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $11,840; second year, $33,360; third year, $50,080; fourth year, $88,090. 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 dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.74 V 2.09 X Common stock (dividend per share) $ Feedback Check My Work 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?