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The shareholders' equity of Chu Chen Company includes the items shown below. The board of directors of Chu Chen declared cash dividends of $4.6 million,

The shareholders' equity of Chu Chen Company includes the items shown below. The board of directors of Chu Chen declared cash dividends of $4.6 million, $10.0 million, and $52.0 million in each of its first 3 years of operation: 2022, 2023, and 2024, respectively. 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

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