Canyon corp manufactures mountain bikes and distributes them through retail outlets in colorado and utah. Canyon corp has declared the following annual dividends over a six year period: 1993 $30000; 1994 $15000; 1995 $10000; 1996 $4000; 1997 $50000; 1998 $75000. During the entire period the outstanding stock of the company was compoised of 10,000 shares of cumulative, nonparticipating, $2 preferred stock $50 par and 25,000 shares of common stock $10 par.
Instructions:
Calculate the total dividends and the per share dividends declared on each class of stock for each of the six years. There wre no dividends in arrears on January 1, 1993. Summarize the data in tabular form.