Yorks outstanding stock consist of 90,000 shares of noncumulative 7.0% preferred stock with the $5 par value and also 160,000 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.

determine the amount of dividends paid each year to each of these two classes of stockholders: preferred and common.

Check my the following information applies to the questions displayed below.) York's outstanding stock consists of 90,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 160,000 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 $ 19,880 29,500 285,000 435,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Dividend Rate Par Value per Preferred Share $ 5.00 Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: 7.096 Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ Year 1 Year 2 Year 3 Year 4 Total: 19,800 29.500 285,000 435.000 769,300 $ 0 $