The Bayside Corporation had stock outstanding during its first five years of operation: 2,000 shares of 5%, $100 par, non-cumulative, fully participating preferred and 10,000

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The Bayside Corporation had stock outstanding during its first five years of operation: 2,000 shares of 5%, $100 par, non-cumulative, fully participating preferred and 10,000 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 $5,000 $6,000

2 7,000 8,000

3 19,000 18,000

4 28,000 30,000

5 30,000 36,000

In each year, Bayside paid the maximum amount of cash dividends.

Using the form provided below, determine the amounts to be paid to preferred and to common in each year:

Year Preferred Common

1

_____________________________________________

2

_____________________________________________

3

_____________________________________________

4

_____________________________________________

5

_____________________________________________