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Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 2% stock, $25 par, and 31,000 shares of $50
Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 2% stock, $25 par, and 31,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,750; second year, $8,000; third year, $52,340; fourth year, $106,430. Calculate 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 "O". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) A TA A
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