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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 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 3 decimal places.) Par Value per Dividend per Number o Preferred Shares Preferred Dividend Preferred Dividend Rate Preferred Annual Preferred Dividend: Dividends in Arrears at year-end Total Cash Dividend PaidPreferred Paid to Paid to Common 2015 2016 2017 2018 Totals 17,700 26,000 215,000 365,000 $ 623,700 $
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