Question: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $20 par, and 19,000
Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $20 par, and 19,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,250; second year, $3,750; third year, $28,340; fourth year, $61,480. 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 year, enter "0".
| 1st Year | 2nd Year | 3rd Year | 4th Year | |
| Preferred stock (dividend per share) | $.15 | $.25 | $ | $.40 |
| Common stock (dividend per share) | $0 | $0 | $ | $2.92 |
Can't figure out how to get the third year. Thank you.
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