Required information

Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] Yorks outstanding stock consists of 90,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 160,000 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	$	19,800
Year 2 total cash dividends		29,500
Year 3 total cash dividends		285,000
Year 4 total cash dividends		435,000

Exercise 11-10 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. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)

*The picture below contains some wrong answers, I forgot which ones were correct/wrong

! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) York's outstanding stock consists of 90,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 160,000 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 $ 19,800 29,500 285,000 435,000 Exercise 11-10 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. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Share Share Shares Dividend $ 5.00 7.0% $ 0.350 90,000 $ 31,500 Total Cash Paid to Paid to Dividends in Dividend Paid Preferred Common Arrears at year-end $ 19,800 $ 19,800 $ 0 $ 11,700 29,500 29,500 13,700 285,000 31,500 253,500 0 435,000 31,500 403,500 0 769,300 $ 112,300 $ 657,000 Year 1 Year 2 Year 3 Year 4 Total: $