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York's outstanding stock consists of 24,000 shares of noncumulative 8.80% preferred stock with a $10 par value and also 60,000 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 $ 17,000 2016 19,120 2017 110,000 2018 195,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round "Dividend Rate (%)" to 1 decimal place and "Dividend per Preferred Share" to 2 decimal places.) Par Value per Preferred Share Dividend Rate Dividend Number per of Preferred Preferred Preferred Dividend Share Shares Annual Preferred Dividend: 2015 2016 2017 2018 Total: Total Dividends Cash Paid to Paid to in Arrears Dividend Preferred Common at year- Paid end $ 17,000 19,120 110,000 195,000 $ 341,120 Hints References Rock & Resources As