Required information [The following information applies to the questions displayed below.] Yorks outstanding stock consists...
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[The following information applies to the questions displayed below.] Yorks outstanding stock consists of 75,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 240,000 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
$
12,100
2016 total cash dividends
20,500
2017 total cash dividends
220,000
2018 total cash dividends
370,000
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.)
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