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The following information applies to the questions displayed below. York's outstanding stock consists of 60,000 shares of 70% preferred stock with a $5 par value

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The following information applies to the questions displayed below. York's outstanding stock consists of 60,000 shares of 70% preferred stock with a $5 par value and also 210,000 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 10,900 19,000 205,000 355,000 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 Number o Preferred Dividend Rate Preferred Preferred d per Preferred Share S Total Cash Share Annual Preferred Dividend: 5.00 70% $ 0.350 60,000 21,000 Paid to Paid to Arrears at 10,100 12,100 Dividend Paid Preferred Common $0,90010,900$ 2015 2016 2017 2018 Total 19,000 205,000 355,000 $ 589,900 182,800 334,000 73,100 516,800 19,000 22,200 21,000

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