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m Part 2-Problems 5938 Laved Required information [The following information applies to the questions displayed below] York's outstanding stock consists of 90,000 shares of
m Part 2-Problems 5938 Laved Required information [The following information applies to the questions displayed below] 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: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $18,100 27,200 255,000 405,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Annual Preferred Dividend: Par Value per Preferred Share Dividend per Number of Dividend Rate Preferred Preferred Preferred Dividend Share Shares Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year end 2015 S 18,100 2016 27.200 2017 255,000 2018 405,000 Total S 705,300
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