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Seventy-Two Inc, a developer of radlology equipment, has stock outstanding as follows: 70,000 shares of...

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Accounting

Seventy-Two Inc, a developer of radlology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $74,000; third year, $90,000; fourth year, $110,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places.
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