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Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash
Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 10,900 19,000 205,000 355,000 York's outstanding stock consists of 60,000 shares of noncumulative 7.0% preferred stock with $5 par value and also 210,000 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Par Value per Preferred Share Dividend Rate Dividend per Preferred Number of Preferred Preferred Dividend Share Shares Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Arrears at Common year-end Year 1 $ 10,900 Year 2 19,000 Year 3 205,000 Year 4 355,000 Total: $ 589,900 $ 0 $ 0
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