Lasson Corp. has 5,000 preferred shares outstanding ($2 dividend), which were issued for $150,000, and 30,000 common shares, which were issued for $550,000.

InstructionsThe following schedule shows the amount of dividends paid out over the past four years. Allocate the dividends to each type of share under assumptions (a) and (b). Express your answers in per-share amounts and using the format that is shown. Round intermediate calculations to three decimal places and round amounts to the nearest cent.

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Year 2020 2021 2022 2023 Paid-out $ 8,000 $ 24,000 $ 60,000 $126,000 Assumptions a. Preferred, non-cumulative, and non-participating Preferred Common b. Preferred, cumulative, and fully participating Preferred Common