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York's outstanding stock consists of 70,000 shares of 8.0% preferred stock with a $5 par value and also 230,000 shares of common stock with a
York's outstanding stock consists of 70,000 shares of 8.0% preferred stock with a $5 par value and also 230,000 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 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 17,700 26,000 215,000 365,000 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. Assume that the preferred stock is noncumulative. (Round your Dividend per Preferred Share" answers to 3 decimal places. Par Value per per Num Preferred Dividend Preferred Share Preferred Shares Preferred Share Dividend Rate Annual Preferred Dividend: s 5.00 7.5% $ 0.375 0,000 Paid to ividends in Arrears at Total Cash Paid to Dividend PaidPreferred Common ar-end 2015 2016 2017 2018 Total: 17,700 S 17,700S 26,000 26,000 215,000 365,000 S 623,700 S 43,700 S
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