Wallace Inc., a developer of radiology equipment, has stock outstanding as follows: 30,000 shares of cumulative preferred 2% stock, $90 par and 125,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $24,000; second year, $81,000; third year, $92,000; fourth year, $139,000.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) $

1st Year 2nd Year 3rd Year 4th Year

Preferred stock (dividend per share) $0.80 $1.60 $1.80 $2.00
Common stock (dividend per share) $0.14 $0.57 $0.65 $0.99

To calculate the dividends per share on each class of stock for each of the four years, we need to divide the total dividends paid by the number of shares.

1. Preferred Stock:
- Total Preferred Stock Dividend for the First Year: $24,000
- Dividends per Share = Total Dividends / Number of Shares
Dividends per Share = $24,000 / 30,000 shares
Dividends per Share = $0.80

- Total Preferred Stock Dividend for the Second Year: $81,000
- Dividends per Share = $81,000 / 30,000 shares
Dividends per Share = $2.70

- Total Preferred Stock Dividend for the Third Year: $92,000
- Dividends per Share = $92,000 / 30,000 shares
Dividends per Share = $3.07

- Total Preferred Stock Dividend for the Fourth Year: $139,000
- Dividends per Share = $139,000 / 30,000 shares
Dividends per Share = $4.63

2. Common Stock:
Note: Common Stock dividends are calculated separately from Preferred Stock dividends.

- Total Common Stock Dividend for the First Year: $0
As no dividends were paid for the first year, the dividend per share for common stock would be 0.

- Total Common Stock Dividend for the Second Year: $81,000
- Dividends per Share = $81,000 / 125,000 shares
Dividends per Share = $0.65

- Total Common Stock Dividend for the Third Year: $92,000
- Dividends per Share = $92,000 / 125,000 shares
Dividends per Share = $0.74

- Total Common Stock Dividend for the Fourth Year: $139,000
- Dividends per Share = $139,000 / 125,000 shares
Dividends per Share = $1.11

So, the dividends per share for each class of stock for each of the four years are as follows:

1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $0.80 $2.70 $3.07 $4.63
Common stock (dividend per share) $0 $0.65 $0.74 $1.11

To calculate the dividends per share on each class of stock for each of the four years, we need to follow these steps:

1. Calculate the total dividends paid for each year by adding up the amounts distributed.

2. Divide the total dividends paid by the number of shares of each stock to get the dividend per share.

Let's calculate the dividends per share for each class of stock for each of the four years:

1st Year:
- For the preferred stock:
- Total dividends paid = $24,000
- Dividend per share = Total dividends paid / Number of shares of preferred stock
- Dividend per share = $24,000 / 30,000 shares = $0.80

- For the common stock:
- Total dividends paid = $24,000
- Dividend per share = Total dividends paid / Number of shares of common stock
- Dividend per share = $24,000 / 125,000 shares = $0.192

2nd Year:
- For the preferred stock:
- Total dividends paid = $81,000
- Dividend per share = $81,000 / 30,000 shares = $2.70

- For the common stock:
- Total dividends paid = $81,000
- Dividend per share = $81,000 / 125,000 shares = $0.648

3rd Year:
- For the preferred stock:
- Total dividends paid = $92,000
- Dividend per share = $92,000 / 30,000 shares = $3.07

- For the common stock:
- Total dividends paid = $92,000
- Dividend per share = $92,000 / 125,000 shares = $0.736

4th Year:
- For the preferred stock:
- Total dividends paid = $139,000
- Dividend per share = $139,000 / 30,000 shares = $4.63

- For the common stock:
- Total dividends paid = $139,000
- Dividend per share = $139,000 / 125,000 shares = $1.112

So, the dividends per share on each class of stock for each of the four years are as follows:

1st Year:
- Preferred stock: $0.80
- Common stock: $0.192

2nd Year:
- Preferred stock: $2.70
- Common stock: $0.648

3rd Year:
- Preferred stock: $3.07
- Common stock: $0.736

4th Year:
- Preferred stock: $4.63
- Common stock: $1.112