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Yorks outstanding stock consists of 15,000 shares of noncumulative 5.90% preferred stock with a $10 par value and also 37,500 shares of common stock with

Yorks outstanding stock consists of 15,000 shares of noncumulative 5.90% preferred stock with a $10 par value and also 37,500 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 $ 7,000
2016 5,850
2017 110,000
2018 198,000

Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 2 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 $7,000
2016 5,850
2017 110,000
2018 198,000
Total: $320,850 $0 $0

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