E-11-10

York's outstanding stock consists of 80.000 shares of noncumulative 7.5% preferred stock with a Spar value and also 200,000 shares of common stock with a Sl par value. During its first four years of opera- tion, the corporation declared and paid the following total cash dividends. Determine the amount of divi- dends 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. Exercise 11-10 Dividends on common and noncumulative preferred stock Year 1 total cash dividends Year 2 total cash dividends. $20,000 28.000 Year A total cash dividends 200.000 160.000 Check ar total paid to pered, $108.000