The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of...

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The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash dividends of $4.0 million, $7.0 million, and $56.0 million in each of its first three years of operation: 2022, 2023, and 2024, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 7%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is cumulative and nonparticipating. Note: Round your final answers to 2 decimal places. Year Preferred Common 2022 Per share Per share 2023 Per share Per share 2024 Per share Per share The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash dividends of $4.0 million, $7.0 million, and $56.0 million in each of its first three years of operation: 2022, 2023, and 2024, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 7%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is cumulative and nonparticipating. Note: Round your final answers to 2 decimal places. Year Preferred Common 2022 Per share Per share 2023 Per share Per share 2024 Per share Per share