A portion of the stockholders’ equity section from the balance cheet of WC appears as below. Stockholders’ equity: Preferred stock, 8% cumulative,$50 par, 40,000 shares authorized , issued and outstanding………………………………………………………………….

A portion of the stockholders’ equity section from the balance cheet of WC appears as below. Stockholders’ equity: Preferred stock, 8% cumulative,$50 par, 40,000 shares authorized , issued and outstanding………………………………………………………………….                $2,000,000 Preferred stock, 12% noncumulative, $100 par, 8,000 shares authorized, Issued, and outstanding……………………………………                             800,000 Common stock, $5 par, 400,000 shares authorized, issued And outstanding……………………………………………… 2,000,000 Total paid -in capital……………………………………………….. $4,800,000 Assume that all stock issued on January 1, and that no dividends were paid during the first two years of operation. During the third year, WC paid total cash dividends of $736,000. Compute the amount of cash dividends paid per share during the third year for each of the three classes of stock. Compute the dividends paid per share during the third year for each of the three classes of stock. was the average issue price for each type of preferred stock?

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