Question: 1. Ex.11-2.ALGO (Algorithmic) Dividends Per Share Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 390, preferred stock of

1. Ex.11-2.ALGO (Algorithmic) Dividends Per Share Michelangelo Inc., a software development

1. Ex.11-2.ALGO (Algorithmic) Dividends Per Share Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 390, preferred stock of $30 par, and 38,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $10,200; second year, $14,400; third year, $90,980; fourth year, $144,420. 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 "O" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) $

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