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York's outstanding stock consists of 31,000 shares of noncumulative 7.00% preferred stock with a $10 par value and also 77,500 shares of common stock with
York's outstanding stock consists of 31,000 shares of noncumulative 7.00% preferred stock with a $10 par value and also 77,500 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 2016 2017 2018 $ 17,000 18,700 110,000 191,000 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 Preferred Dividend Annual Preferred Dividend: $ 10.00 7.0% 31,000 Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2015 $ 17,000 $ 17,000 2016 18,700 2017 18,700 110,000 191,000 336,700 2018 Total: $ $ 35,700 $ 0
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