Question: im confused, can someone please explain step by step on how to solve ? Lightfoot Inc., a software development firm, has stock outstanding as follows:
Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 2% stock, s25 par, and 38,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $5,700; second year, $9,600;. third year, $59,340; fourth year, $115,700. 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
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