The Bayside Corporation had stock outstanding during its first five years of operation: 1,000 shares of 5%, $100 par, non-cumulative, fully participating preferred and 40,000 shares of $10 par common. At the end of each of the five years, the cash and retained earnings balances were as follows: Year Cash Retained Earnings 1 $8,000 $6,000 2 9.000 8.000 3 19,000 18,000+ 4 28.000 30,000 5 30,000 36,000~ in In each year, Bayside paid the maximum amount of cash dividends. REQUIRED: Using the form provided below, determine the amounts to be paid to preferred and to common in each year: Year Preferred Common le 24 t 34 t 46 t 54 e