Question

Imaging Inc., a developer of radiology equipment, has Shares of ownership of a corporation.stock outstanding as follows: 17,000 shares of cumulative preferred 3% stock, $110 The monetary amount printed on a stock certificate.par, and 57,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $37,570; second year, $84,630; third year, $105,900; fourth year, $131,910.Compute 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 (dividend per share)	$	$	$	$
Common stock (dividend per share)	$	$	$	$

Answer 1

	1st Year	2nd Year	3rd Year	4th Year
Preferred stock (dividend per share)	2.21	4.39	3.30	3.30
Common stock (dividend per share)	0	0.18	0.87	1.33

Working notes for the above answer is as under