Content Area Dividends on Preferred and Common Stock Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. declared the following annual dividends over a six-year period ending December 31 of each year: Year 1, $16,000; Year 2, $20,000; Year 3, $32,000; Year 4, $92,000; Year 5, $116,000; and Year 6, $140,000. During the entire period, the outstanding stock of the company was composed of 20,000 shares of 2% preferred stock, $100 par, and 100,000 shares of common stock, $10 par. Instructions: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. Assume that preferred dividends are paid before any common dividends. If required, round your answers to the nearest cent. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share Year 1 $ 16,000. Year 2 20,000 Year 3 32,000 Year 4 92,000 Year 5 116,000 Year 6 140,000