Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,300; third year, $31,470; fourth year, $49,390. Calculate 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. 1st Year 2nd Year Preferred stock (dividend per share) S 0.38 0.63 Common stock (dividend per share) $ 0 0 Feedback 3rd Year 4th Year 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?