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please post so that the whole answer is visible and does not cut off. Required information The following information applies to the questions displayed below)
please post so that the whole answer is visible and does not cut off.
Required information The following information applies to the questions displayed below) York's outstanding stock consists of 80,000 shares of noncumulative 75% 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. 2016 total cash dividends 2017 total cash dividends $ 20,000 28,000 2018 total cash dividends 2019 total cash dividends $ 200,000 350,000 2016 total cash dividends 2017 total cash dividends 20.00 28,000 2016 O 2019 total cash dividends 350,000 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: Year end Par Value per Dividend per Number of Preferred Preferred Dividend Rate Preferred Preferred Dividend Share Shame Shares S 5.00 7.5% 5 0.375 80,000 $ 30.000 Dividends in Total Cash Paid to Paid to Arrears at Dividend Paid Proferred Common $ 20,000 $ 20.000 s ors 0 28,000 28.000 0 0 200,000 30.000 170.000 350.000 30.000 320.000 $ 598,000 $ 108,000 $ 490,000 2016 2017 2018 2019 Total Step by Step Solution
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