Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 50,000 shares of cumulative preferred 1% stock, $100 par and 107,000 shares of $135 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $42,000; second year, $50,000; third year, $70,000; fourth year, $123,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 2nd Year 3rd Year 4th Year Dividends per share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $75,000; third year, $100,000; fourth year, $100,000. Determine 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 (dividends per share) Common stock (dividends per share) 0.5 X 0 0.7 X 0.60 0.60 0.08 0.2469 X 0.25 X 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?