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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 noncumulative 75% 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 80,000 shares of noncumulative 75% preferred stock with a $5 par value and also 200,000 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: Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 20,000 20.000 200,000 350.000 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 por of Preferred Preferred Rate Preferred Preferred Dividend Share Share Shares 5.00 7.5% $ 0.375 30,000 $30,000 Didends Total Cash Dividend Paid to Paid to in Arrears Preferred Common at year Paid 20.000 $ 20,000 $ 00 10.000 20.000 28.000 00 12.000 200,000 42,000 158,000 350.000 30.000 320,000 0 508,000 $ 120,000 3 478,000

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