Dividends Per Share
Michelangelo Inc., a software development firm, hasstock outstanding as follows: 30,000 shares of cumulative 2%,preferred stock of $25par, and 38,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $5,700; second year, $8,100; third year, $66,160; fourth year, $133,940.
Calculate the dividends per share on each class of stock for each of the four years. Round all answers to the nearest cent. If no dividends are paid in a given year, enter “0”.
| 1st Year | 2nd Year | 3rd Year | 4th Year | |
| Preferred | $ | $ | $ | $ |
| Common | $ | $ | $ | $ |