The shareholders' equity of Nick Co. includes the items shown below. The board of directors of Nick declared cash dividends of $3.5 million, $14.5 million, and $46.5 million in each of its first 3 years of operation: 2016, 2017, and 2018, 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 years. The preferred stock is noncumulative and nonparticipating. (Round final answers to 2 decimal places.)