The shareholders' equity of Nick Co. includes the items shown below. The board of directors of Nick declared cash dividends of $5.0 million, $14.0 million, and $56.0 million in each of its first 3 years of operation: 2014, 2015, and 2016, respectively.

Common stock, $1 par, 50,000,000 shares outstanding

Preferred stock, 7%, $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. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

year	preferred	common
2014
2015
2016