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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 no cum lathe 65% preferred stock

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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 no cum lathe 65% preferred stock with a $5 par value and also 250,000 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 eash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $15,500 24,000 225,000 375,000 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 oividend per Pr Share" answers to 3 decimal places.) Preferred Dividend Rate Preferred Preferred Preferred Dividend Annual Preferred Dividend Total Cash Dividend Paid Paid to Preferred Arrears at Common 2016 2017 2018 Totals 3 15.500 24.000 225,000 375,000 Prev5 of S Next MacBook Pro O0 8 7 2 3 4

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