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Ihe tollowing intormation applies to the questions displayed below. York's outstanding stock consists of 80,000 shares of noncumulative 6.5 % preferred stock with a $5

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Ihe tollowing intormation applies to the questions displayed below. York's outstanding stock consists of 80,000 shares of noncumulative 6.5 % preferred stock with a $5 par value and also 250,000 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 $ 15,500 24,000 225,000 375,000 Year 2 total cash dividends Year 3 total cash dividends Year 4 total 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.) Dividend per Preferred Share Number of Preferred Shares Par Value per Preferred Share Preferred Dividend Rate Dividend Annual Preferred Dividend: Dividends in Paid to Common Total Cash Dividend Paid Paid to Arrears at Preferred year-end Year 1 15,500 Year 2 24,000 Year 3 225,000 Year 4 375,000 639,500 0 Total

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