Module $6$ Problem Set Question Content AreaDividends per shareSeventy$-$Two Inc., a developer of radiology equipment, has stock outstanding as follows: $60,000$ shares of cumulative preferred $3\%$ stock, $$20$ par and $405,000$ shares of $$25$ par common.During its first four years of operations, the following amounts were distributed as dividends: first year, $$31,000$; second year, $$76,000$; third year, $$100,000$; fourth year, $$120,000.$Determine 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 $"0".$Line Item Description$1$st Year$2$nd Year$3$rd Year$4$th YearPreferred stock $($dividends per share$)$$fill in the blank $1$$fill in the blank $2$$fill in the blank $3$$fill in the blank $4$Common stock $($dividends per share$)$fill in the blank $5$fill in the blank $6$fill in the blank $7$fill in the blank $8$Feedback AreaFeedbackIs the preferred stock cumulative or non$-$cumulative stock? Determine what 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?Check My WorkNext