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York's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 shares of common stock with

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York's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 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 total cash dividends $ 13, 200 2016 total cash dividends 22, 000 2017 total cash dividends 240 , 000 2018 total cash dividends 390, 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 3 decimal places.) Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Share Share Shares Dividend Annual Preferred Dividend: Total Cash Paid to Paid to Dividends in Dividend Paid Preferred Common Arrears at year-end 2015 $ 13,200 2016 22,000 2017 240,000 2018 390,000 Total: $ 665,200 $ 0 $ 0 9 Next

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