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! Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 85,000 shares of noncumulative 7.0% preferred stock with
! Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 85,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 260,000 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: 19,100 27,700 230, 388, 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends 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.) Par Value per Preferred Dividend per Number of Preferred Preferred Dividend Rate Preferred Dividend Share Share Shares Annual Preferred Dividend: Dividends in Arrears at Paid to Total Cash Paid to Dividend Paid Preferred Common year-end 2015 $ 19,100 2016 27,700 2017 230.000 2018 380,000 656,800 $ Totals
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