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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of...

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Accounting

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 2% stock, $50 par and 200,000 shares of $10 par common.

During its first four years of operations, the following amounts were distributed as dividends: first year, $60,000; second year, $110,000; 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 your answers to two decimal places. If no dividends are paid in a given year, enter "0".

Line Item Description 1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividends per share) $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4
Common stock (dividends per share) fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8

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