EXCERCISE 11-9 STOCK DIVIDENDS AND PER SHARE BOOK VALUES LO C2.

*I ALWAYS UPVOTE CORRECT ANSWERS*

Use the following information for the Exercises below. [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of 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: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 20,000 28,000 200,000 350,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Sharos Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Pald Paid to Preferred Paid to Common Dividends in Arrears at year-end $ 2015 2016 2017 2018 Totals 20,000 28,000 200,000 350,000 598,000 $