Dividends Per Share Seventy Thonca developer of radiology equipment, has stock outstanding as follows: 1,100 shares of cumulative preferred stock 15 pc and 40: 200 shares of Spar common. During its first four years of operations, the following amounts were distributed as dividend first year, 56,600 second year $77,000; third year 579,000 fourth year $100,400 Calculate the dividends per share on each class of stock for each of the four year Round all answers to two dromal places. If no dividends are paid in a given yox Ist Year 2nd Year Ird Year Ath Year Preferred stock (dividends per share 31,100X Common stock (dividends per share) 56,600 x Check My Wor 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 case of stock) Learning objective 2