Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 3% stock, $25 par, and 25,000 shares of $125
Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 3% stock, $25 par, and 25,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $5,800; second year, $9,400; third year, $49,050; fourth year, $80,500. 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”.
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