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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.)


image
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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