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York's outstanding stock consists of 56,000 shares of cumulative 10.00% preferred stock with a $10 par value and also 140,000 shares of common stock with
York's outstanding stock consists of 56,000 shares of cumulative 10.00% preferred stock with a $10 par value and also 140,000 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. 2015 2016 $ 45,000 50,000 2017 2018 96,000 136,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine 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 Preferred Dividend Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end 2015 $ 45,000 2016 50,000 2017 96,000 2018 136,000 Total $ 327,000 $ 0 $ 0
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