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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 2% stock, $20 par, and 31,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,750; second year, $6,250; third year, $45,730; fourth year, $97,420. 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)

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