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Yorks outstanding stock consists of 80,000 shares of 7.0% preferred stock with a $5 par value and also 140,000 shares of common stock with a

Yorks outstanding stock consists of 80,000 shares of 7.0% preferred stock with a $5 par value and also 140,000 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 $ 16,500
2016 total cash dividends 26,000
2017 total cash dividends 275,000
2018 total cash dividends 425,000

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 Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend
Annual Preferred Dividend:
Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end
2015 $16,500
2016 26,000
2017 275,000
2018 425,000
Total: $742,500

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