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[The following information applies to the questions displayed below.] York's outstanding stock consists of 80,000 shares of 7.5% preferred stock with a $5 par value and also 190,000 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 $ 18,000 28,000 300,000 450,000 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.) Par Value per Preferred Share $ 5.00 Dividend Rate Dividend per Preferred Share $ 0.375 Preferred Dividend Annual Preferred Dividend: 7.5% $ 30,000 Number of Preferred Shares 80,000 Dividends in Arrears at year- end 0 Total Cash Dividend Paid Paid to Preferred Paid to Common $ 2015 2016 0 2017 18,000 28,000 300,000 450,000 796,000 $ 20,000 $ 28,000 0 30,000 170,000 30,000 320,000 $ 108,000 $ 490,000 0 2018 0 Total: $ 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.) Preferred Dividend Annual Preferred Dividend: Answer is not complete. Dividend Dividend Number of per Rate Preferred Preferred Shares Share 7.5% $ 0.375 80,000 Dividends Paid to Paid to Common in Arrears Preferred at year-end $ 18,000 $ 0 $ 0 28,000 0 0 $ Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 18,000 28,000 300,000 450,000 796,000 30,000 2015 2016 2017 2018 0 Totals $ $ 46,000 $ 0

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