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York's outstanding stock consists of 8 0 , 0 0 0 shares of cumulative 7 . 5 % preferred stock with a $ 5 par

York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of opera tion, the corporation declared and paid the following total cash dividends. Determine the amount of divi- dends 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.
Year 1 total cash dividends
$20,000
Year 3 total cash dividends
$200,000
Year 2 total cash dividends
$28,000
Year 4 total cash dividends
$350,000

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