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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

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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, 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, 54 par Required: 1. Determine the total dividends and the pershare dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year 1. Summarize the data in tabular form. It required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Dividends Total Per Share Per Share Year! $24,000 Year Total Year 2 10,000 Year Year 4 126,000 100,000 125,000 125,000 Year 5 Year 6 2. Determine the average annual dividend per share for each class of stock for the six-year period. Round your answers to two decimal places Average annual dividend for preferred stock per share Average annual dividend for common stock per share

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