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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

The shareholders' equity of Chu Chen Company includes the items shown below. The board of directors of Chu Chen declared cash dividends of $4.7 million, $11.5 million, and $53.5 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, 6%,$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 noncumulative and nonparticipating.
Note: Round your final answers to 2 decimal places.
\table[[Year,erred,mon],[2022,per share,per share],[2023,per share,per share],[2024,per share,per share]]
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