Yorks outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 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	$	18,100	2018 total cash dividends	$	255,000
2017 total cash dividends		27,200	2019 total cash dividends		405,000

Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 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.) Answer is not complete Par Value per Preferred Share Dividend per Preferred Share Number of Preferred Shares Dividend Rate Preferred Dividend nnual Preferred Dividend 5.00 6.5%$ 0.325 90,000 Total Cash Dividend Paid Dividends in Arrears at year- end Paid to Preferred Paid to Common $ 18,100$18,100S 0 $ 11,150 13,200 2016 2017 2018 2019 Totals 27,200 255,000 405,000 $ 705,300 27,200 240212,550 29,250 375,750 117,000 588,300