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

Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Year 1 total cash dividends $ 17,700 Year 2 total cash dividends 26,000 Year 3 total cash dividends 215,000 Year 4 total cash dividends 365,000 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 Yorks outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 230,000 shares

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