Dividends Per Share Lightfoot Inc, Software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $25 par and 38,000 shares of $135 par common. During its first four years of operations, the following amounts were distributed as dividends tirst year $11.400, second your $18.900 third year, 587,820; fourth year, $125,760 Calculate the videndi 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" 1st Year 2nd Year 3rd Year Preferred stock (dividund per share) 26 1997 Common stock (dividend per share) 4th Year 1 X is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per ve is the question atking for a perishare amount or total amount per class of stock