Exercise 11-12 (Static) Dividends on common and cumulative preferred LO C2

Year 1 total cash dividends	$ 20,000
Year 2 total cash dividends	28,000
Year 3 total cash dividends	200,000
Year 4 total cash dividends	350,000

Yorks outstanding stock consists of 80,000 shares of cumulative 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: (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 Year 4 20,000 28,000 200,000 350,000 598,000 Totals $ $ 0 $ 0