Required information

Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] Yorks outstanding stock consists of 75,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 240,000 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	$12,100
2016 total cash dividends	20,500
2017 total cash dividends	220,000
2018 total cash dividends	370,000

rev: 09_05_2018_QC_CS-135927

Exercise 13-8 Dividends on common and noncumulative preferred stock LO C2

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.)

Dividend per Preferred Share Par Value per Preferred Number of Preferred Preferred Shares Dividend Rate Dividend Share Annual Preferred Dividend: Dividends in Total Cash Paid to Paid to Common Arrears at Dividend Paid Preferred year-end 2015 12,100 2016 20,500 2017 220,000 2018 370,000 $ 622,600 0 Total