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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 $ 9,300 17,500 210,000 360,000 York's outstanding stock consists of 65,000 shares of cumulative 6.0% preferred stock with a $5 par value and also 220,000 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: $ 5.00 6.0% $ 0.300 65,000 $ 19,500 Dividends in Total Cash Paid to Dividend Paid Preferred Paid to Common Arrears at year-end Year 1 $ 9,300 $ 9,300 $ 0 $ 10,200 Year 2 17,500 17,500 0 Year 3 210,000 Year 4 360,000 Totals $ 596,800 $ 26,800 $ 0
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