Question: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $20 par, and 13,000

Dividends Per Share

Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $20 par, and 13,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $1,500; second year, $2,500; third year, $19,960; fourth year, $44,690.

Calculate the dividend 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, leave it blank.

	1st Year	2nd Year	3rd Year	4th Year
Preferred stock (dividend per share)
Common stock (dividend per share)

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