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York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 shares of common stock
York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 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: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 19,800 Year 2 29,500 Year 3 285,000 Year 4 435,000 Totals $ 769,300 $ 0 $ 0
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