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Required information The following information applies to the questions displayed below. York's outstanding stock consists of 90,000 shares of 70% preferred stock with a $5

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Required information The following information applies to the questions displayed below. York's outstanding stock consists of 90,000 shares of 70% preferred stock with a $5 par value and also 160,000 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 $19,800 29,500 285,000 435,000 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. Assume that the preferred stock is noncumulative. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per ividend per Number Preferred SharesDividend 90,000 31,500 Preferred Dividend Rate Preferred Preferred Share Share Annual Preferred Dividend: 5.00 7.0% 0.350 Dividends in Arrears at ear-end Paid to Paid to Common Total Cash Dividend PaidPreferred 011,700 13,700 2015 2016 2017 2018 Total 19,800S 29,500 285,000 435,000 9,800S 29,500 45,200 31,500 239,800 403,500 $769,300$ 126,000 S 643,300 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 Dividend per Number o Preferred Shares Preferred Dividend Preferred Dividend Rate Preferred Share Share Annual Preferred Dividend: Total Cash Dividend Paid Preferred Dividends in Arrears at year-end Paid to Paid to Common 2015 2016 2017 2018 Totals 19,800 29,500 285,000 435,000 $ 769,300 S 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 Dividend per Number of Preferred Shares Preferred Dividend Preferred Dividend Rate Preferred Share Share Annual Preferred Dividend: Total Cash Dividend Paid Preferred Dividends in Arrears at year-end Paid to Paid to Common 2015 2016 2017 2018 Totals 19,800 29,500 285,000 435,000 $ 769,300 $

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