Ghana Corporation has 10,000 shares of its $100 par value, 7 percent cumulative preferred stock
outstanding and 50,000 shares of its $1 par value common stock
outstanding. In Ghana’s first four years of operation, its board of
directors paid cash dividends as follows: 2009, none; 2010, $120,000;
2011, $140,000; 2012, $140,000.
Determine the dividends per share and total cash dividends paid to
the preferred and common stockholders during each of the four years. If
an amount is zero, enter "0". If required, round your answers to two
decimal places.
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