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Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 2% stock, $150

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Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 2% stock, $150 par, and 77,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $46,230; second year, $101,770; third year, $135,100; fourth year, $176,030. Compute the dividend 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, leave it blank, Preferred stock (dividend per share) Common stock (dividend per share) Feedback Check My Work 1st Year 2nd Year 3rd Year 4th Year 2.03 X 4.46 X 3.46 X 3.03 X 0 ox 0.73 X 1.39 V Is the preferred stock cumulative or non-cumulative stock? Determine the 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?

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