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Module 6 Problem Set 2. BE. 1201 ALG 6. BE_II. 7. BE_1203ALGO 8. BE_1207 Progress: 5/8 items Assignment Score: 6.25% Show Me How Show Me How Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $76,000; third year, $90,000; fourth year, $110,000. 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 "0.00". Preferred stock (dividends per share) Common stock (dividends per share) My WUk 1st Year 0.00 2nd Year 0.03 3rd Year 0.13 x 4th Yea r 0.60 v' 0.13 x 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? Check My Work Previous Next ) All work saved. Email Instructor Save and Exit Submit Assignment for Grading