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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 $ 10,700 20,500 290,000 440,000 York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 170,000 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. Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Answer is complete but not entirely correct. Par Value Dividend Number per Dividend per of Preferred Preferred Rate Preferred Preferred Dividend Share Share Shares IS 5.00 7.5% 5 0.375 60,000 $ 22,500 Dividends Total Cash Paid to Paid to in Arrears Dividend Paid Preferred Common at year end 10,700 10,700 0$ 11,800 20,500 20,500 0 13,800 X 290,000 36,300 X 253,700 X 440,000 22,500 417,500 $ 761,200 90,000 671,200 Year 1 Year 2 Year 3 Year 4 Total
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