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

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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 65,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 110,000 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 $ 11,500 20,700 260,000 410,000 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. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Dividend Rate Par Value per Preferred Share $ 5.00 Preferred Dividend Annual Preferred Dividend: 7.0% Dividend per Number of Preferred Preferred Share Shares 65,000 Dividends in Paid to Arrears at Common year-end Total Cash Dividend Paid Paid to Preferred 2015 $ 11,500 20,700 2016 2017 11,500 $ 20,700 260,000 410,000 702,200 $ 2018 Total: $ 32,200 $ 0

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