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Yorks outstanding stock consists of 80,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 250,000 shares of common stock with

Yorks outstanding stock consists of 80,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 250,000 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.

2016 total cash dividends $ 15,500 2018 total cash dividends $ 225,000
2017 total cash dividends 24,000 2019 total cash dividends 375,000
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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 decimal places.) Par Value per Dividend per Number of Preferred Preferred Dividend Preferred Dividend Rate Preferred Share Share Shares Annual Preferred Dividend: Dividends in Arrears at year-end Total Cash Paid to Preferred Paid to Common 2016 2017 2018 2019 Total: Dividend Paid 15,500 24,000 225,000 375,000 $639,500

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