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please excuse the messed up computer screen Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets

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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: 2041, $24,000; 2012, $10,000; 2083, $126,000; 2014, $100,000; 20Y5, $125,000; and 2046, $125,000. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $90 par, and 100,000 shares of common stock, $4 par. 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: 20Y1, $24,000; 20Y2, $10,000; 20Y3, $126,000; 2014, $100,000; 20Y5, $125,000; and 2046, $125,000. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $90 par, and 100,000 shares of common stock, $4 par. Required: 1. 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 20Y1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "o". Preferred Dividends Common Dividends Total Dividends Year Total Per Share Total Per 2011 $24,000 $ 2012 10,000 20Y3 126,000 2014 100,000 125,000 2015 2016 125,000 2. Determine the average annual dividend per share for each class of stock for the six-year period. Round your answers to decimal places. Average annual dividend for preferred stock per share Average annual dividend for common stock 3. Assuming a market price of $100 for the preferred stock and s5 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (A) for preferred stock and (B) for common stock. Round your answers to two decimal places. per share Preferred stock % Common stock

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