Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $125 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. Determine the dividends per share on each class of stock for each of the four years. Round your answers to two decimal places. If no dividends are paid in a given year, enter "0". Preferred stock (dividends per share) Common stock (dividends per share) Feedback Check My Work 1st Year 2nd Year 3rd Year 4th Year 50,000 X $ 64,000 X 0 0 $ 56,000 X 19,000 X $ 50,000 X 74,000 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