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: $20$Y$1,$ $$24,500$; $20$Y$2,$ $$9,500$; $20$Y$3,$ $$106,000$; $20$Y$4,$ $$90,000$; $20$Y$5,$ $$110,000$; and $20$Y$6,$ $$170,000.$ During the entire period, the outstanding stock of the company was composed of $25,000$ shares of cumulative preferred $2\%$ stock, $$80$ par, and $100,000$ shares of common stock, $$4$ par.