York's outstanding stock consists of 22,000 shares of noncumulative 6.90% preferred stock with a $10...
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York's outstanding stock consists of 22,000 shares of noncumulative 6.90% preferred stock with a $10 par value and also 55,000 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 2016 2017 2018 12,000 13,180 110,000 194,000 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 "Dividend Rate (%)" to 1 decimal place and "Dividend per Preferred Share" to 2 decimal places.) Number of Preferred Preferred Dividend Shares Par Value per Dividend per Preferred Dividend Rate Preferred Share Share Annual Preferred Dividend Total Cash Dividend Paid Paid to Preferred Paid to Commorn Dividends in Arrears at ear-end 2015 2016 2017 2018 Total: 12,000 13,180 110,000 194,000 $ 329,180 S 0
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