Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] Yorks outstanding stock consists of 80,000 shares of 7.0% preferred stock with a $5 par value and also 140,000 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	$	16,500
2016 total cash dividends		26,000
2017 total cash dividends		275,000
2018 total cash dividends		425,000

rev: 11_29_2018_QC_CS-149901

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.)

	Par Value per Preferred Share	Dividend Rate	Dividend per Preferred Share	Number of Preferred Shares	Preferred Dividend
Annual Preferred Dividend:
	Total Cash Dividend Paid	Paid to Preferred	Paid to Common	Dividends in Arrears at year-end
2015	$16,500
2016	26,000
2017	275,000
2018	425,000
Totals	$742,500