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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.)

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Yorks outstanding stock consists of 60,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 210,000 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	$	10,900
2016 total cash dividends		19,000
2017 total cash dividends		205,000
2018 total cash dividends		355,000

Check my wo 5 Required information [The following information applies to the questions displayed below] 6 nts York's outstanding stock consists of 60,000 shares of noncumulative 70% preferred stock with a $5 par value and also 210.000 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 eBook 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 10,900 19,000 205,000 355,000 Hint Print 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. eerences (Round your "Dividend per Preferred Share" answers to 3 decimal places. erences(Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Dividend perNumber of Preferred Shares PreferredDividend Rate Preferred Preferred Dividend Share Share Annual Preferred Dividend: Dividends in Total Cash Dividend PaidPreferred Paid to Paid to CommonArrears at year end 2015 2016 2017 2018 Totals $10,900 19,000 205,000 355,000 $ 589,900 S

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