Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Yorks outstanding stock consists of 80,000 shares or cumularve 7 5% preferred stock with a S5 par value and also 200,000 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 $ 20,000 28,000 200,00 2016 2017 350,00 2018 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 Preterred Share" answers to 3 decimal places.)
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