Required information

Use the following information for the Exercises below. (Static)

[The following information applies to the questions displayed below.]

par value or preferred share. Dividend rate. divivden per perffered share. number of preferred share. preffered dividen

Annual preferred dividends -------- ------ ------ ------------------------ ----------

total cash paid to preferred paid to common dividend in arrears at year-end

Year 1 total cash dividends	$ 20,000
Year 2 total cash dividends	28,000
Year 3 total cash dividends	200,000
Year 4 total cash dividends	350,000

Exercise 11-12 (Static) Dividends on common and cumulative preferred LO C2

Yorks outstanding stock consists of 80,000 shares of cumulative 7.5% 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)