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Yorks 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

Yorks 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 operation, the corporation declared and paid the following total cash dividends:

2015 $ 20,000
2016 28,000
2017 200,000
2018 350,000

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.)

image text in transcribed

par value per preffered share dividend rate dividend per preffered share number of preffered shares preferred divedends
annual preffered dividend
total cash dividend paid paid to preferred paid to common dividend in arrears at year-end
2015 20000 20000
2016 28000 28000
2017 200000
2018 350000 30000 320000
totals 598000 78000 320000

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