Question
Please help me know where the numbers in red circle come from !! Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes
Please help me know where the numbers in red circle come from !!
DividendsonPreferredandCommon 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: Year 1, $24,000; Year 2, $10,000; Year 3, $126,000; Year 4, $100,000; Year 5, $125,000; and Year 6, $125,000. During the entire period, theoutstanding stockof the company was composed of 25,000 shares ofcumulative preferred2% stock, $90par, and 100,000 shares of common stock, $4 par.
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