Lightfoot Inc., a software development firm, has Shares of ownership of a corporation.stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $125 The monetary amount printed on a stock certificate.par, and 100,000 shares of $150 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $58,000; third year, $75,000; fourth year, $124,000.