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(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
(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 York's outstanding stock consists of 90,000 shares of noncumulative 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: 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.) Par Value per Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Pald Pald to Preferred Paid to Common Dividends in Arrears at year-end s Year 1 Year 2 Year 3 Year 4 Total: 19,800 29,500 285,000 435,000 789.300 $
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