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Required information [The following information applies to the questions displayed below.] York's outstanding...

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Accounting

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Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 80,000 shares of 6.0% preferred stock with a $5 par value and also 300,000 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 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 13,000 22,000 250,000 400,000 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. Assume that the preferred stock is noncumulative. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Answer is not complete. Dividend per Par Value per Preferred Share 5.00 Dividend Rate Number of Preferred Shares Preferred Dividend Preferred Share Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year- end 13,000 $ 22,000 2015 2016 2017 2018 Total: 250,000 13,000 22,000 24,000 24,000 83,000 400,000 685,000 226,000 376,000 $ 602,000 $ $

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