Calculate the dividends per share on each class of stock

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Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 4% stock, $110 par, and 63,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,050; second year, $77,710; third year, $159,880; fourth year, $202,670.

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)                $                $                 $                   $

Reference no: EM13823888

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