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X Answer is complete but not entirely correct. Year 2019 Preferred Common $ 2.50 $ 0.00 $ 5.00$ 0.00 $ 7.50 $ 38.50 x 2020

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X Answer is complete but not entirely correct. Year 2019 Preferred Common $ 2.50 $ 0.00 $ 5.00$ 0.00 $ 7.50 $ 38.50 x 2020 2021 The shareholders' equity of Crystal Company includes the items shown below. The board of directors of Crystal declared cash dividends of $2.5 million, $5.0 million, and $46.0 million in each of its first three years of operation: 2019, 2020, and 2021, 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 cumulative and nonparticipating. (Enter your answers in millions rounded to 2 decimal places.)

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