Question: Dividends Per Share Lightfoot Inc., a software development firm has stock outstanding as follows: 30,000 shares of cumulative preferred 204 stock, $20 par, and 38,000

Dividends Per Share Lightfoot Inc., a software development firm has stock outstanding as follows: 30,000 shares of cumulative preferred 204 stock, $20 par, and 38,000 shares of 50 por convenon. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,500; second year, $7,500: third year, 554.790; fourth year $116,500 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 verontero". Ist Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) 0
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