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York's outstanding stock consists of 19,000 shares of noncumulative 5.40% preferred stock with a $10 par value and also 47,500 shares of common stock
York's outstanding stock consists of 19,000 shares of noncumulative 5.40% preferred stock with a $10 par value and also 47,500 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 $ 8,000 2016 2017 2018 7,260 90,000 191,000 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 "Dividend Rate (%)" to 1 decimal place and "Dividend per Preferred Share" to 2 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end 2015 $ 8,000 2016 7,260 2017 90,000 2018 191,000 Total: $ 296,260 $ 0 $ 0 Preferred Dividend
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