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! York's outstanding stock consists of 7 0 , 0 0 0 shares of cumulative 6 . 0 % preferred stock with a $ 5

! York's outstanding stock consists of 70,000 shares of cumulative 6.0% preferred stock with a $5 par value and also 180,000 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:
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
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[The following information applies to the questions displayed below.]
\table[[Year 1 total cash dividends,$9,100],[Year 2 total cash dividends,19,000],[Year 3 total cash dividends,295,000],[Year 4 total cash dividends,445,000]]
York's outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 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:
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common.
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
\table[[,\table[[Par Value per],[Preferred],[Share]],Dividend Rate,\table[[Dividend per],[Preferred],[Share]],\table[[Number of],[Preferred],[Shares]],\table[[Preferred],[Dividend]]],[Annual Preferred Dividend:,,,,,],[,\table[[Total Cash],[Dividend Paid]],\table[[Paid to],[Preferred]],\table[[Paid to],[Common]],\table[[Dividends in],[Arrears at],[year-end]],],[Year 1,$2,100,,,,],[Year 2,19,000,,,,],[Year 3,295,000,,,,],[Year 4,445,000,,,,],[Total:,$68,100,,,,]]
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