Accounting question about common and preferred stock..?

CompuLead Inc., a software development firm, has stock outstanding as follows: 40,000 shares of 1%, preferred stock of $25 par, and 50,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $6,000; second year, $26,000; third year, $4,000; fourth year, $60,000.

Calculate the dividends per share for preferred and common stock for each of the four years.

I got the answer for the 1st and 3rd year but I can't figure out the 2nd and 4th year..can anyone help???

so it's dividends per share...like the answer to the 1st year is preferred 0.15 common 0.00 and the 3rd year is 0.10 for preferred and common 0 again..sorry accounting is just not my best subject!

Preferred stock is paid first, so $10,000 must be paid before any common dividends. So $12,000 in common for the second year as the deferred $4,000 from the preferred in the first year needed to be recognized. $44,000 for common in the fourth, as $16,000 went to preferred including $6,000 for year three deferred.

i was going to answer this but then thought well you did not really do anything y calculating the first and third year it all goes to preferred.

when calculating the second and fourth just remember that the preferred dividends are cumulative and that if the entire amount is not paid one year then the remaining has to be paid before the common stock shareholders can receive any, the dividend is then allocated equally among the shareholders.

good luck