Dividends Per Share ( Accounting Chapter 12 - Stock Transactions)

Lightfoot Inc. a software development firm, has stock outstanding as follows: 38,400 shares of cumulative 1% preferred stock, $130 par, and 99,000 shares of $155 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,900; second year, $59,100; third year, $73,100; fourth year, $125,100.

Calculate the dividends per share on each class of stock for each of the four years. If no dividends are paid in a given year, enter "0".

Preferred stock (dividends per share)

1st Year ($____.___) , 2nd Year ($____.___) , 3rd Year ($____.___) , 4th Year ($____.___)

Common stock (dividends per share)

1st Year ($____.___) , 2nd Year ($____.___) , 3rd Year ($____.___) , 4th Year ($____.___)

Please explain in math how you received the answer, thank you.