Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon,...
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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: 20Y1, $24,750; 20Y2, $9,000; 20Y3, $118,750; 20Y4, $97,500; 20Y5, $117,500; and 20Y6, $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.
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