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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 75,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 130,000 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 2017 total cash dividends $ 18,600 28,000 2018 total cash dividends 2019 total cash dividends $ 270,000 420,000 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.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2016 $ 18,600 28,000 2017 2018 270.000 2019 420,000 736,600 Total: $

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