Bridger Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada. Bridger Bike Corp. has declared the following annual dividends over a six-year period ended December 31 of each year: 2010, $5,000; 2011, $18,000; 2012, $45,000; 2013, $45,000; 2014, $60,000; and 2015, $67,000. During the entire period, the outstanding shares of the company comprised 10,000 $2 preferred shares and 25,000 common shares.

Instructions
Determine the total dividends declared on each class of share for each of the six years. No dividends were in arrears on January 1, 2010. Summarize the data in tabular form, using the following columnar headings:

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Total Preferred Dividends Dividends Year 2010 2011 2012 2013 2014 Common Dividends $ 5.000 18,000 45,000 45,000 60,000 67,000 2015