Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. declared the following annual dividends over a six-year period ending December 31 of each year: Year 1, $28,000; Year 2, $44,000; Year 3, $48,000; Year 4, $60,000; Year 5, $76,000; and Year 6, $140,000. During the entire period, the outstanding stock of the company was composed of 40,000 shares of 2% preferred stock, $65 par, and 50,000 shares of common stock, $1 par. Instructions: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. Assume that preferred dividends are paid before any common dividends. Round per share amounts to the nearest cent when rounding is required. If an answer is zero, enter "0". Common Dividends Preferred Dividends Year Total Dividends Total Per Share Total Per Share Year 1 $28,000 $ Year 2 44,000 Year 3 48,000 Year 4 60,000 Year 5 Year 6 76,000 140,000 2. Calculate the average annual dividend per share for each class of stock for the six-year period. Round answers to the nearest cent. Average annual dividend for preferred Average annual dividend for common per share per share 3. Assuming that the preferred stock was sold at $57.50 and common stock was sold at $5.00 at the beginning of the six-year period, calculate 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. a. Preferred stock b. Common stock % %