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0 Required information The following information applies to the questions displayed below.] York's outstanding stock consists of 85,000 shares of noncumulative 70% preferred stock with

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0 Required information The following information applies to the questions displayed below.] York's outstanding stock consists of 85,000 shares of noncumulative 70% preferred stock with a $5 par value and also 260,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends 19,100 27,700 230,000 380,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Share" answers to 3 decimal places.) Answer is complete but not entirely correct. Dividen Par Value Number of Preferred Shares Dividend Preferred Dividend per Preferred Share per Preferred Share Rate Annual Preferred $5.00 7.0% $ 0.350 > | 85,0000$ 29,750 Dividend Total Cash Dividend Paid Dividends Paid to Preferred Paid to Common in Arrears at year-end $ 19,100 19,100s 2015 27,700 29,750200,250 29,750350,250 2016 27,700 2017 230,000 2018 380,000 $ 656,800 106,300 550,500 Totals

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