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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 85,000
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 85,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 150,000 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 S 13,900 23,500 280,000 430,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) ue per vidend per Number o Preferred Shares Preferred Dividend Preferred Dividend Rate Preferred Share Share Annual Preferred Dividend: Dividends in Arrears at year-end Total Cash Paid to Preferred Paid to Commorn 2015 2016 2017 2018 Totals Dividend Paid 13,900 23,500 280,000 430,000 S 747,400
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