You are given the following information for a hedge fund with high watermark requirement and a fee structure of 0 and 20. Based on the available information, please complete the following parts.

Calculate the return for each year and also decide the high watermark;

Calculate the incentive fee in dollars, which is 20% of returns over the hurdle rate;

\begin{tabular}{|l|c|c|c|c|c|} \hline & Year 1 & Year 2 & Year 3 & Year 4 & Year 5 \\ \hline Initial Value & 300,000 & 285,000 & 325,000 & 290,000 & 322,000 \\ \hline Ending Value & 285,000 & 325,000 & 290,000 & 322,000 & 350,000 \\ \hline Return & & & & & \\ \hline High Watermark & & & & & \\ \hline Hurdle rate & 10% & 10% & 10% & 10% & 10% \\ \hline Incentive fee (\$) & & & & & \\ \hline \end{tabular}