actg question

Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 75,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 130,000 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. Year 1 total cash dividends $ 18, 600 Year 2 total cash dividends 28, 000 Year 3 total cash dividends 270, 000 Year 4 total cash dividends 420, 000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Share Share Shares Dividend Annual Preferred Dividend: Total Cash Paid to Paid to Dividends Dividend Paid Preferred Common in Arrears at year-end Year 1 18,600 Year 2 28,000 Year 3 270,000 Year 4 420,000 Total: S 736,600 0Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 75,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 130,000 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. Year 1 total cash dividends 18, 600 Year 2 total cash dividends 28, 000 Tear 3 total cash dividends 270, 000 Year 4 total cash dividends 420, 000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Share Share Shares Dividend Annual Preferred Dividend: Total Cash Paid to Paid to Dividends in Dividend Paid Preferred Common Arrears at year-end Year 1 18,600 Year 2 28,000 Year 3 270,000 Year 4 420,000 Totals S 736,600 $ 0