Exercise 50 Dividends per Share Back to list of exercises Complete the grids below by filling in all of the gray boxes below. The grid on the left assumes that the preferred stock is non-cumulative; the grid on the right assumes it is cumulative. Martin Corporation has stock outstanding as follows: 24,000 shares of $3, preferred stock of $100 par, and 80,000 shares of $50 par common. During its first five years of operations, the following amounts were distributed as dividends: first year, none; second year, $60,000; third year, $120,000; fourth year, $204,000; fifth year, $292,000. Calculate the total dividends and dividends per share (rounded to the nearest cent) on each class of stock for each of the five years. NON-CUMULATIVE Preferred Stock CUMULATIVE Preferred Stock Total Preferred Dividend Preferred Dividend Total Dividend PreferredTotal Dividend CommonDividend Tada, Common ivdend Share Dividend per Share Preferred Share $0.00 per Dividend Dividend, Dividend per Share SO$0.00SO $0.00 SO Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5 SO