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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 70,000

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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 70,000 shares of 6.0% preferred stock with a $5 par value and also 180,000 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 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends 9, 10e 19, eee 295,000 445, eee Exercise 11-8 Dividends on common and noncumulative preferred stock LO C2 Exercise 11-8 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. Assume that the preferred stock is noncumulative. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2015 2016 2017 2018 Total: 9,100 19,000 295,000 445,000 768,100 $

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