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Yukon Bike Corp manufactures mountain bikes and distributes tham through retail outlets in Montana, Idaho, Oregon and Washington. Yukon Bike Corp has declared the following

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Yukon Bike Corp manufactures mountain bikes and distributes tham through retail outlets in Montana, Idaho, Oregon and Washington. Yukon Bike Corp has declared the following annual dividends over a six- year period ending Dec 31 of each year: Year 1 $28,000; Year 2 $44,000; Year 3 $48,000; Year 4 $60,000; Year 5 $76,000; Year 6 $140,000. During the entire period, the outstanding stock of the company was composed of 40,000 share of 2% preferred stock, $ 65 par and 50,000 shares of common stock, $1 par. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. Use the table below: Year Total Dividends Preferred Dividends Common Dividends Total Per Share Total Per Share W NK $28,000.00 $44,000.00 $48,000.00 4 $60,000.00 5 $76,000.00 6 $140,000.00

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