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Required information (The following information applies to the questions displayed below.) York's outstanding stock consists of 60,000 shares of noncumulative 70% preferred stock with a

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Required information (The following information applies to the questions displayed below.) York's outstanding stock consists of 60,000 shares of noncumulative 70% preferred stock with a $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. 2016 total cash dividends 2017 total cash dividendo $ 10,900 19,000 2018 total cash dividends 2019 total cash dividends $ 205,000 355,000 Determine the amount of dividends pald 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.) Par Value per Preferred Share Dividend per Number of Dividend Rate Preferred Preferred Share Shares Proforred Dividend Annual Preferred Dividend: Total Cash Dividend Pald Pald to Preferred Paid to Common Dividends in Arrears at year end $ 2016 2017 2018 2019 Total: 10,900 19,000 205,000 355,000 589,000 $

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