Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $120 par, and 43,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $10,400; second year, $30,800; third year, $40,330; fourth year, $67,200. Compute 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) $4 Common stock (dividend per share) $4

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $120 par,
and 43,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year,
$10,400; second year, $30,800; third year, $40,330; fourth year, $67,200.
Compute 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)
$4
Common stock (dividend per share)
$4
Transcribed Image Text:Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $120 par, and 43,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $10,400; second year, $30,800; third year, $40,330; fourth year, $67,200. Compute 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) $4 Common stock (dividend per share) $4
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