Stockholders' Equity Section of Balance Sheet Specialty Auto Racing Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Specialty Auto Racing Inc. on July 31, the end of the current year: Common Stock, $10 par $380,000 Paid-In Capital from Sale of Treasury Stock-Common 28,700 Paid-In Capital in Excess of Par-Common Stock 114,000 Paid-In Capital in Excess of Par-Preferred Stock 91,800 Preferred 4% Stock, $50 par 1,530,000 Retained Earnings 2,616,300 Treasury Stock-Common 57,200 Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. There are 5,200 shares of common stock held as treasury stock. Prepare the Stockholders' Equity section of the balance sheet as of July 31, the end of the current year using Method 1 of Exhibit 8 Specialty Auto Racing Inc Stockholders' Equity July 31, 20xx Paid-In Capital: $ Total Paid-In Capital $ Total $ Total Stockholders' Equity $ Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 3% stock, $25 par, and 38,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $8,700; second year, $14,100; third year, $78,900; fourth year, $138,780. 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) $ $ $ $