Black Bear Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Black Bear Bike Corp. has declared the following annual dividends over a six$-$year period ended December $31$ of each year: Year $1,$ $$42,500$; Year $2,$ $$18,000$; Year $3,$ $$223,500$; Year $4,$ $$178,000$; Year $5,$ $$222,000$; and Year $6,$$$222,000.$ During the entire period, the outstanding stock of the company was composed of $50,000$ shares of cumulative preferred $2\%$ stock, $$80$ par, and $100,000$ shares of common stock, $$4$ par.

Required:

Determine the total dividends and the per$-$share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January $1,$ Year $1.$ Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter $"0".$

Preferred Dividends

Common Dividends

$\backslash$table$[[$Year$,\backslash$table$[[$Total$],[$Dividends$]],,$Total,Per Share,Total,,Per Share$],[$Year $1,$$$42,500,$$$,,,,$$$,],[$Year $2,18,000,,,,,,],[$Year $3,223,500,,,,,,],[$Year $4,178,000,,,,,,],[$Year $5,222,000,,,,,,],[$Year $6,222,000,,,,,,],[,,,,,,$$$,]]$

Determine the average annual dividend per share for each class of stock for the six year period. Round your answers to two decimal places.

Average annual dividend for preferred stock

$

per share