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166 points Exercise 13-9 Dividends on common and cumulative preferred stock LO C2 York's outstanding stock consists of 59,000 shares of amulative 6.00% preferred stock
166 points Exercise 13-9 Dividends on common and cumulative preferred stock LO C2 York's outstanding stock consists of 59,000 shares of amulative 6.00% preferred stock with a $10 par value and also 147,500 shares of common stock with a $1 par value During its first four years of operat the corporation declared and paid the tollowing total cash dividends 2013 S 28,000 31.275 2015 62 900 90.400 Determine the amount of dvikdiends paid each year to each ot the two classes of stocknolders assuming that the preferred stock is cumulatve Also determine the total dividends paid to each class for the four yeans combined (Round your "Dividend per Preferred Share" answers to 2 decimal places.)
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