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,$$$23,750$;$20Y2,$$$9,750$;$20Y3,$$$119,000$;$20Y4,$$$92,500$;$20Y,$$$112,500$; and $20Y6,$$$137,500.$ During the entire period, the outstanding stock of the company

was composed of $25,000$ shares of cumulative preferred $2\%$ stock, $$85$ par, and $100,000$ shares of common stock, $$4$ par.

Required:

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 $20$Y$1.$ Summarize the data in

tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter $"0".$

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

Average annual dividend for common stock

$

$

per share

per share

Assuming a market price of $$100$ for the preferred stock and $$5$ for the common stock, determine the average annual percentage return on initial shareholders ${?}^{\text{'}}$ 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.

Preferred stock

$\%$

Common stock

$\%$