Michelangelo Inc. a software development firm has stock outstanding as follows: 30 000 shares of cumulative 1% preferred stock of $25 par and 38 000 shares of $50 par common. During its first four years of operations the following amounts were distributed as dividends: first year $3 000; second year $3 900; third year $47 520; fourth year $116 180.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”.
