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need help with Dividends in Arrears at year-end ! Required information Use the following information for the Exercises below. [The following information applies to the
need help with "Dividends in Arrears at year-end" ! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of 7.5% preferred stock with a $5 par value and also 200,000 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 dividende 2017 total cash dividends 2018 total cash dividends $ 20,000 28.000 200,000 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is 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.) Annual Preferred Dividend: Answer is complete but not entirely correct. Par Value Dividend per Dividend Number of per Preferred Preferred Rate Preferred Preferred Dividend Share Share Shares 5.00 7.5%$ 0.375 80,000 $30,000 Total Cash Dividend Pald to Pald to Dividends Preferred Pald Common In Arrears at year-end 20,000 $ 20.000 $ OS 0 28,000 28,000 0 0 200.000 42,000 158,000 0 350,000 30,000 320,000 0 $ 598.000 s 120.000 $ 478,000 2015 2016 2017 2018 Totals OS
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