Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $25 par, and 19,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,850; second year, $4,800; third year, $28,910; fourth year, $55,380. 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".

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A: working note PREFERED DIVIDEND = 1,000 *100*9%=$9000

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Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…

A:

Q: transactions in general journal form and post them to T-accounts.

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