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ACG2021 I'm confused on how these numbers are wrong Use the following information for the Exercises below. (Algo) [The following Information applies to the questions
ACG2021 I'm confused on how these numbers are wrong
Use the following information for the Exercises below. (Algo) [The following Information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 13,000 22,888 250, eee 400,000 orded Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 80,000 shares of noncumulative 60% preferred stock with a $5 par value and shares of common stock with a $1 par value. During its first four years of operatlon, the corporation declared and total cash dividends: Determine the amount of dividends pald each year to each of the two classes of stockholders preferred and comm "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend s 5.00 6.0%s 0.300 80,000 $ 24,000 Total Cash Dividends Dividend Paid to Paid to in Arrears Paid Preferred Common at year- end Year 1 $ 13,000 $ 13.000 S 0 S 0 Year 2 22.000 22,000 0 0 Year 3 250.000 37,000 X 21,300 X 0 Year 4 400.000 24,000 378,000 0 Total: 685.000 98.000 S 397,300 Hed text indicates no response was expected in a cell or a termula-based calculation is incorrecting points deducted xsStep by Step Solution
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