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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) Year 1 total cash dividends

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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) 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 11-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 90,000 shares of cumulative 70% 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Sharo Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Pald to Common Dividends in Arrears at year end Year 1 Year 2 Year 3 Year 4 Totals Total Cash Pald to Dividend Pald Preferred $ 19,800 29.500 285.000 435.000 $ 769,30015 OS 0

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