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Need help filling in 2017 of Paid to preferred & Paid to common of 2017 The following information applies to the questions displayed below] York's
Need help filling in 2017 of Paid to preferred & Paid to common of 2017
The following information 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 $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 15,500 2016 total cash dividends24,000 2017 total cash dividends 2018 total cash dividends 225,000 375,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred sto cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Dividend per Number of Preferred Preferred Dividend Rate Preferred Preferred Shares Dividend Share Share Annual Preferred Dividend: 5.00 6.5% s 0.325 80,000$ 26,000 Paid to Dividend PaidProferred Paid to Common Dividends in Arrears at year-ond Total Cash o 10.500 12,500 15,500 S 15,500 S 2015 2016 2017 2018 Totals 24,000 225,000 375,000 24,000 26,000 349,000 S 639,500S 65,500 S 349,000 Step by Step Solution
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