Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative...
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Accounting
Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 4% stock, $25 par, and 31,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,500; second year, $15,750; third year, $73,000; fourth year, $104,050.
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 (dividend per share)
$fill in the blank 1
$fill in the blank 2
$fill in the blank 3
$fill in the blank 4
Common stock (dividend per share)
$fill in the blank 5
$fill in the blank 6
$fill in the blank 7
$fill in the blank 8
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