11 21 PM Tue Oct 13 97 IO 5 II 10 points The Bayside Corporation had stock outstanding during its first five years of operation 2, 000 shares of 5 , $100 par, non cumulative, fully participating preferred and 10,000 shares of $10 par common At the end of each of the five years, the cash and retained earnings balances were as follows Year Cash $5,000 7,000 19,000 27,000 33,000 Retained Earnings $4,000 6,000 18,000 30,000 36,000 man In each year, Bayside paid the maximum amount of cash dividends REQUIRED Using the form provided below, determine the amounts to be paid to preferred and to common in cach year Show all supporting calculations for each class of stock or no credit Year Preferred Common 1 2 3 4 5 Knio 1

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11 21 PM Tue Oct 13 97  IO 5     II  10 points The Bayside Corporation had stock outstanding during its first five years of operation  2, 000 shares of 5 , $100 par, non cumulative, fully participating preferred and 10,000 shares of $10 par common  At the end of each of the five years, the cash and retained earnings balances were as follows  Year Cash $5,000 7,000 19,000 27,000 33,000 Retained Earnings $4,000 6,000 18,000 30,000 36,000 man In each year, Bayside paid the maximum amount of cash dividends  REQUIRED  Using the form provided below, determine the amounts to be paid to preferred and to common in cach year    Show all supporting calculations for each class of stock or no credit  Year Preferred Common 1 2 3 4 5 Knio   1

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11:21 PM Tue Oct 13 97% IO 5 + : II. 10 points The Bayside Corporation had stock outstanding during its first five years of

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