Dividends on Preferred and common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them...
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Dividends on Preferred and common Stock 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: 2071, $24,500; 2072, $10,750; 20Y3, $117,250; 2014, $97,500; 2045, $117,500; and 2076, $157,500. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $85 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 20Y1. 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". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share 20Y1 $24,500 24,500 x ox 24,500 25,000 2072 10,750 10,750 x 10,750 x 25,000 2093 117,250 49,750 x 92,250 25,000 3.69 x 2044 97,500 42,500 x 25,000 x 1.70 x 2045 117,500 42,500 x 25,000 x 1.70 x 20Y6 157,500 42,500 x 25,000 1.70 x OX 0 x 0 x OX A 10.20 x
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