Seventy-Two Inc., a developer of radiology 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, $31,000; second year, $73,000; third year, $90,000; fourth year,
$120,000.
Determine 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 "0.00".
Preferred stock (dividends per share)
Common stock (dividends per share)
1st Year
2nd Year
3rd Year
4th Yaar