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Required information Use the following information for the Exercises below. [The following information applies to...

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Accounting

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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) York's outstanding stock consists of 65,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 220,000 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. 0:43 $ Year I total danh dividends Year 2 total cash dividende Year 3 total cash dividends Year 4 total cash dividends 9.300 17.500 210.000 360.000 Exercise 13-11 Dividends on common and cumulative preferred stock LO C2 Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Paid to Preferred Paid to Common Dividends in Arrears at year-end Year 1 Year 2 Year 3 Year 4 Totals Total Cash Dividend Paid $ 9,300 17.500 210,000 360,000 5 596,800

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