Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $82,100 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave blank. July 9 Cash Dividends Cash Dividends Payable Aug. 31 No Entry Required No Entry Required Oct. 1 Cash Dividends Payable Cash Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 4% stock, $25 par, and 25,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $7,600; second year, $12,600; third year, $58,550; fourth year, $83,750. 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 "O". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)