Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,600 shares of cumulative preferred 2% stock, $15 par, and 398,500 shares of $27 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,900; second year, $76,500; third year, $80,100; fourth year, $98,300. Calculate 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) 0.30 0.30 0.30 0.30 Common stock (dividends per share) 0.079 X 0.131 X 0.14 0.185 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? Learning Objective 2.