The board of directors of Builders Equipment Corporaion $($ BEC $)$ declared cash dividends of $$2\mathrm{.}5$ million,

$$5\mathrm{.}0$ million, and $$46\mathrm{.}0$ million in each of its first three years of operation: $2019,2020,$ and $2021,$

respectively. BEC's shareholders' equity includes the items shown below.

Common stock, $$1$ par, $50,000,000$ shares outstanding

Preferred stock, $5\%,$$$100$ par, $1,000,000$ shares outstanding

Required:

Determine the amount of dividends per share on preferred and common stock for each of the three years.

The preferred stock is cumulative and nonparticipating. $($Round your answer to $2$ decimal places. For

instance, if your answer is $$12$ per share, write $12\mathrm{.}00.$ If your answer is $32$ cents per share, write $0\mathrm{.}32).$Help Sove Exit Submi The board of directors of Builders Equipment Corporaion $($BEC$)$ declared cash dividends of $2\mathrm{.}7$ million,$5\mathrm{.}0$ million, and $46\mathrm{.}8$ million in each of its first three years of operation: $2019,2020,$ and $2021,$ respectively. BEC's shareholders' equity includes the items shown below. Common stock,$1$ par, $50,000,000$ shares outstanding Preferred stock, $5$