The shareholders' equity of Nick Co. includes the items shown below The board of directors of Nick declared cash dividends of $4.3 million, $10.5 million, and $52.5 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, 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. (Round final answers to 2 decimal places.) Year PreferredCommon 2017 2018