Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 43,000 shares of cumulative preferred 1% stock, $115 par and 106,000 shares of $140 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $27,000; second year, $50,000; third year, $79,000; fourth year, $134,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.