Reference no: EM132913906

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows:

70,000 shares of cumulative preferred 3% stock,

$20 par and 410,000 shares of $25 par common.

During its first four years of operations, the following amounts were distributed as dividends:

first year, $32,000;

second year, $73,000;

third year, $90,000;

fourth year, $110,000.

Problem 1: Determine the dividends per share on each class of stock for each of the four years