The shareholders' equity of Chu Chen Company includes the items shown below. The board of directors of Chu Chen declared cash dividends of $4.9 million, $12.5 million, and $54.5 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