Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 1% stock, $160 par, and 67,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $21,400; second year, $52,600; third year, $78,300; fourth year, $125,130. 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) $ $ Common stock (dividend per share) $

Intermediate Accounting: Reporting And Analysis
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Chapter16: Retained Earnings And Earnings Per Share
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Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 1% stock, $160 par, and 67,000 shares of $10 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $21,400; second year, $52,600; third year, $78,300; fourth year, $125,130.
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)
$
$
Common stock (dividend per share)
$
Transcribed Image Text:Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 1% stock, $160 par, and 67,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $21,400; second year, $52,600; third year, $78,300; fourth year, $125,130. 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) $ $ Common stock (dividend per share) $
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