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Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon,...

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Accounting

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,$24,500;20Y2,$10,250;20Y3,$117,750;20Y4,$92,500;20Y5,$112,500; and 20Y6,$137,500. 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:
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".
\table[[Year,\table[[Total],[Dividends]],\table[[Preferred],[Dividends],[Total]],\table[[Preferred],[Dividends],[Per Share]],\table[[Common],[Dividends],[Total]],\table[[Common],[Dividends],[Per Share]]],[20Y1,$24,500,$,$,$,$
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