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Dividends Per Sharo Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 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, $32,000, second year. $75,000; third year, 590,000; Fourth year. $100,000 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) X 36,000 x 36,000 X Common stock (dividends per share) 40,000 X 64,000 x 74,000 X O FDE Check My Won 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