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I really need help understanding how to solve this multi-part accounting problem. Greatly appreciated. ! Required information [The following information applies to the questions displayed

I really need help understanding how to solve this multi-part accounting problem. Greatly appreciated.

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! Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 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 dividends $ 13,200 22,000 240,000 390,000 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 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 $ 13,200 Year 2 22,000 240,000 Year 3 Year 4 390,000 665,200 Total: $ $ 0 0 Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (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 13,200 22,000 240,000 390,000 665,200 $ Year 4 Totals $ 0 $ 0

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