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Dividends Per Share

Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 4% stock, $140 par, and 73,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $82,500; second year, $173,900; third year, $211,170; fourth year, $230,510.

Compute 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)	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4
Common stock (dividend per share)	$fill in the blank 5	$fill in the blank 6	$fill in the blank 7	$fill in the blank 8

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Is the preferred stock cumulative or non-cumulative stock? Determine the amount of current dividends that preferred stock should receive per year. Is the question asking for a per share amount or total amount per class of stock?