In: Accounting
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,300 shares of cumulative preferred 3% stock, $15 par, and 400,100 shares of $27 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,800 ; second year, $76,700 ; third year, $79,500 ; fourth year, $101,900 .
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 "0".
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividends per share) | $ | $ | $ | $ |
Common stock (dividends per share) | $ | $ | $ | $ |