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Che o Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock

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Che o Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 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 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividenda $ 20,000 28,000 200,000 350,000 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 Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Paid to Preferred Paid to Common Dividends in Arrears at year-end Year 1 Year 2 Year 3 Year 4 Total: Total Cash Dividend Paid S 20,000 28,000 200,000 350.000 $ 598,000

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