The board of directors of Builders Equipment Corporaion (BEC) declared cash dividends of $3.6 million, $5.0 million, and $50.4 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.