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Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of 6.0% preferred stock with a $5
Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of 6.0% preferred stock with a $5 par value and also 300,000 shares of common stock with a $t 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 $ 13,000 22.000 250,000 400,000 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 Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Pald $ 13.000 Paid to Preferred Dividends in Arrears at Paid to Common 2015 2016 2017 22.000 250.000 400.000 685.000 2018 Totals 5
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