Question: Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 3% stock, $110 par, and 53,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $35,360; second year, $49,120; third year, $98,830; fourth year, $122,230. 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".
year 1 year 2 year 3 year 4
Preferred stock (dividend per share)
Common stock (dividend per share)