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Show all steps please! Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 4% stock,

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Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 4% stock, $25 par, and 31,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,500; second year, $15,750; third year, $78,270; fourth year, $122,030. 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 "0" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.38 0.63 1.99 1 Common stock (dividend per share) $ 0 $ 0 $ 0.92 3.00

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