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Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (2 part) Use the following information
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common
(2 part)
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 $ 18, 100 27,200 255,000 405,000 Exercise 13-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following cotal cash dividends: 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 Preferred Share Number of Preferred Shar Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ 0 $ 18,100 $ 0 Year 1 Year 2 18,100 $ 27,200 40,000 0 0 27,200 255,000 405,000 Year 3 Year 4 Total: $ 705,300 $ 85,300 $ 0 Required information 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 $ 18,100 27,200 255,000 405,000 Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 90,000 shares of cumulative 6.5% preferred stock with a $5 par value and also 100,000 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: (Round your "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: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end Year 1 $ Year 2 Year 3 18,100 27,200 255,000 405,000 705,300 $ Year 4 Totals $ 0 $
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