Lightfoot Inc., a software development firm, has stock outstanding as follows: 37,000 shares of cumulative preferred 1% stock, $145 par and 108,000 shares of $185 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $65,000; third year, $80,000; fourth year, $115,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0".

	1st Year	2nd Year	3rd Year	4th Year
Preferred stock (dividends per share)	$ fill in the blank 2	$ fill in the blank 3	$ fill in the blank 4	$ fill in the blank 5
Common stock (dividends per share)	$ fill in the blank 6	$ fill in the blank 7	$ fill in the blank 8	$ fill in the blank 9

EXCEL SHEET

Dividends distributed:
1st year	$33,000
2nd year	$65,000
3rd year	$80,000
4th year	$115,000
Using formulas and cell references, perform the required analysis, and input your answers into the Dividends Per Share columns. Transfer the numeric results for the green entry cells (B22:E23) into the appropriate fields in CNOWv2 for grading.
	Dividends Per Share
	1st Year	2nd Year	3rd Year	4th Year
Preferred stock
Common stock
	Formulas
	1st Year	2nd Year	3rd Year	4th Year