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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 2% stock, $60 par 300,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $51,000; second year, $105,000; third year, $81,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Need help with the missing pieces in the Excel sheet attached

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 2% stock, $60 par 300,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $51,000; second year, $105,000; third year, $81,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Need help with the missing pieces in the Excel sheet attached

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 21EA: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares...
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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows:

60,000 shares of cumulative preferred 2% stock, $60 par
300,000 shares of $20 par common.
During its first four years of operations, the following amounts were distributed as dividends:

first year, $51,000;
second year, $105,000;
third year, $81,000;
fourth year, $120,000.
Determine the dividends per share on each class of stock for each of the four years.

Need help with the missing pieces in the Excel sheet attached

 

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