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Required information [The following information applies to the questions displayed below] York's outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a
Required information [The following information applies to the questions displayed below] York's outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 230,000 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 $ 17,700 26,000 215,000 365,000 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. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Preferre Share Rate Preferred Preferred Dividen Share Shares Annual Preferred Dividend: Total Cash Dividends in Dividend Paid Paid to Paid to Arrears Preferred Common at year- end 2015 2016 2017 2018 Total: $ 17,700 26,000 215,000 365,000 623,700
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