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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
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 noncumulative 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. $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 9, 100 19,000 295,000 445,000 ercise 11-11 Dividends on common and cumulative preferred stock LO C2 ermine the amount of dividends paid each year to each of the two classes of stockholders assuming t preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal plac Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend nual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end ar 1 $ ar 2 ar 3 9,100 19,000 295,000 445,000 768,100 ar 4 cals $
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