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Need help figuring out year 2 through 4 Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares

Need help figuring out year 2 through 4

Dividends Per Share

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common.

During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $75,000; third year, $100,000; fourth year, $110,000.

Determine 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 "0.00".

1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividends per share) 0.49
Common stock (dividends per share) 0

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