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Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000...

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Accounting

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Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800, second year, $6,300; third year, $29,260; fourth year, $41,850. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year TE 3rd Year 4th Year Preferred stock (dividend per share) 0.38 0.63 1.99 $ Common stock (dividend per share) 0 0 $ 0.84 $

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