Question: please help with the answer to this problem, and 30000 is not correct. Thanks. [The following information applies to the questions displayed below.) York's outstanding

please help with the answer to this problem, and 30000 is not correct. Thanks.

please help with the answer to this problem, and 30000 is not

[The following information applies to the questions displayed below.) 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: Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 20,000 28,000 200,000 350,000 Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid Dividend per Dividend Rate Preferred Share 7.5% $ 0.375 Annual Preferred Dividend: Number of Preferred Preferred Dividend Shares 80,000 $ 30,000 Dividends in Arrears at year-end Paid to Paid to Preferred Common $ 20,000 $ 28,000 $ 0 Year 1 Year 2 20,000 28,000 0 200,000 0 Year 3 Year 4 Totals 0 350,000 598,000 $ 30,000 78,000 $ 320,000 320,000 $

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