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

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Accounting

Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] Yorks outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 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 $9,100 2016 total cash dividends 19,000 2017 total cash dividends 295,000 2018 total cash dividends 445,000

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