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Seventy-Two Inc, a developer of radiology equipment, has stock outstanding as...

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Accounting

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Seventy-Two Inc, a developer of radiology equipment, has stock outstanding as follows: 60,000 , shares of cumulative preferred 3% stock, $20 par and 400,000 shares of 325 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $75,000; third year, $100,000; fourth year, $120,000. Determine 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

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