Yorks outstanding stock consists of 85,000 shares of noncumulative 6.0% preferred stock with a $5...
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Accounting
Yorks outstanding stock consists of 85,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 150,000 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
$
13,900
2018 total cash dividends
$
280,000
2017 total cash dividends
23,500
2019 total cash dividends
430,000
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.)
ed information Dividend per Numbar of Par Value per Preferred Dividend Rate Preferred Preferred Shares Share Share 85.000 S 51,000 0.300 5.00 S Annual Preferred Dividend: Dividends-in Paid to Total Cash Dividend Paid PreferredI Commor Paid to Arrears at S 13.900 23.500 280 000 30,000 5A7 400 2016 2017 2018 2019 DELL
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