Le completion York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 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 $ 18,100 27,200 255,000 405,000 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.) * Answer is complete but not entirely correct. Par Value per Preferred Share 5.00 Dividend Rate Preferred Dividend Dividend per Preferred Share $ 0.325 Number of Preferred Shares 6.5% $ 29250 Annual Preferred Dividend: Paid to Preferred Total Cash Dividend Paid 18,100 27,200 255,000 405,000 Year 1 90,000 Dividends in Arrears at year-end $ 11,150 13.200 Paid to Common $ 0 0 225.750 375.750 $ 601,500 18,100 27.200 20.250 29.250 103,800 Year 2 Year 3 Year 4 Totals 705,300 $ 2 of 9 Next >