Question: BOOK Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 3 stock, $20 pa, and
BOOK Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 3 stock, $20 pa, and 10,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends first Yem, $3,450; second year, $5,700; third year, $31,720; fourth year, $56,120. 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 glven year, enter"0" 4th Year 2nd Year 3rd Year 1st Year 5 Preferred stock (dividend per share) Common stock (dividend per share)
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