Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 2% stock, $160 par, and 67,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $42,800; second year, $59,600; third year, $120,420; fourth year, $149,760. 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) $ $ $ $
Common stock (dividend per share) $ $ $ $