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York's outstanding stock consists of 70,000 shares of noncumulative 8.5% preferred stock with a $.5 par value and also 290,000 shares of common stock with
York's outstanding stock consists of 70,000 shares of noncumulative 8.5% preferred stock with a $.5 par value and also 290,000 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. 2816 total cash dividends 2817 total cash dividends $18,8e 2818 total cash dividends 27,7e 2819 total cash dividends $ 245, 8ee 395,888 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 declmal places.) per per Preferred Share Preferred Preferred Shares Dividend Dividend Rate Preferred Share Annual Preferred Dividend: Total Cash Dividend Paid Preferred Paid to Paid to Arrears at year-end 2016 2017 2018 2019 Total 18,800 27.700 245,000 95,000 S 688,500 S
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