Dividends on Preferred and Common Stock

Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Yosemite Bike has declared the following annual dividends over a six$-$year period ended December $31$ of each year: $20$Y$1,$ $$24,250$; $20Y2,$$$9,250$;$20Y3,$$$106,500$;$20Y4,$$$90,000$;$20Y5,$$$115,000$; and $20Y6,$$$165,000.$ During the entire period, the outstanding stock of the company was composed of $25,000$ 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 at the beginning of $20$Y$1.$ Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter $"0".$