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.

Required:

$1.$ 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 $"0".$

Year Total

Dividends Preferred

Dividends

Total Preferred

Dividends

Per Share Common

Dividends

Total Common

Dividends

Per Share

$20$Y$1$ $$24,500$ $fill in the blank $1$

$24,500$

$fill in the blank $2$

$fill in the blank $3$

$0$

$fill in the blank $4$

$0$

$20$Y$29,500$ fill in the blank $5$

$9,500$

fill in the blank $6$

fill in the blank $7$

$0$

fill in the blank $8$

$0$

$20$Y$3106,000$ fill in the blank $9$

fill in the blank $10$

fill in the blank $11$

fill in the blank $12$

$20$Y$490,000$ fill in the blank $13$

fill in the blank $14$

fill in the blank $15$

fill in the blank $16$

$20$Y$5110,000$ fill in the blank $17$

fill in the blank $18$

fill in the blank $19$

fill in the blank $20$

$20$Y$6170,000$ fill in the blank $21$

fill in the blank $22$

fill in the blank $23$

fill in the blank $24$

Total $fill in the blank $25$

$fill in the blank $26$

$2.$ Determine the average annual dividend per share for each class of stock for the six$-$year period. Round your answers to two decimal places.

Line Item Description Amount

Average annual dividend for preferred stock $fill in the blank $27$

per share

Average annual dividend for common stock $fill in the blank $28$

per share

$3.$ 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$$ 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.

Line Item Description Percentage

Preferred stock fill in the blank $29$

$\%$

Common stock fill in the blank $30$

$\%$