Lasson Corp. has $5,000$ preferred shares outstanding $($$$2$ dividend$),$ which were issued for $$150,000,$ and $30,000$ common shares, which were issued for $$550,000.$

Assumptions

Assumptions

Instructions

The following schedule shows the amount of dividends paid out over the past four years. Allocate the dividends to each type of share under assumptions $($a$)$ and $($b$).$ Express your answers in per$-$share amounts and using the format that is shown. Round intermediate calculations to three decimal places and round amounts to the nearest cent.