Year 1 total cash dividends $ 20,000 Year 2 total cash dividends 28,000
Year 3 total cash dividends 200,000
Year 4 total cash dividends 350,000
rev: 11_12_2020_QC_CS-240359
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
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.)
par value per preffered sharedividend ratedividend per preffered sharenumber of preffered sharespreferred divedendsannual preffered dividend total cash dividend paidpaid to preferredpaid to commondividend in arrears at year-end20152000020000 20162800028000 2017200000 201835000030000320000 totals59800078000320000