Lightfoot Inc., a software development firm, has stock outstanding as follows: 49,000 shares of cumulative preferred 1% stock, $105 par and 95,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $60,000; third year, $71,000; fourth year, $114,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0". Line Item Description 1st Year 2nd Year Preferred stock (dividends per share) Common stock (dividends per share) $fill in the blank $fill in the blank $fill in the blank $fill in the blank 3rd Year $fill in the blank $fill in the blank 4th Year $fill in the blank $fill in the blank

Lightfoot Inc., a software development firm, has stock outstanding as follows: 49,000 shares of cumulative preferred 1% stock, $105 par and 95,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $60,000; third year, $71,000; fourth year, $114,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0". Line Item Description 1st Year 2nd Year Preferred stock (dividends per share) Common stock (dividends per share) $fill in the blank $fill in the blank $fill in the blank $fill in the blank 3rd Year $fill in the blank $fill in the blank 4th Year $fill in the blank $fill in the blank

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...

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