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Return to question Required information [The following information applies to the questions displayed below) York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferrestock with a $5 par value and also 200,000 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 $ 20,000 28,000 200,000 350,000 Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Answer is complete but not entirely correct. Dividend Mehr Par Value s CA 40 ENG * O Search hp Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each of the two classes of stock assumi the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Answer is complete but not entirely correct. Par Value Dividend per Dividend Number of per Preferred Preferred Preferred Rate Preferred Dividend Shares Share Share $ 5.00 7.5% $ 0.375 80,000 $ 30,000 Total Cash Paid to Dividends Paid to Dividend Preferred in Arrears Paid Common at year-end $ 20,000 $ 20,000 $ 10,000 28,000 28,000 2,000 X 200,000 30,000 170,000 X 350,000 30,000 320,000 s 598,000 Is is 108,000 490.000 Year 1 Year 2 Year 3 Year 4 Totals IXO co N o ch