Saved Help Save & Exit Subm York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 170,000 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. Check my wom Year 1 total cash dividends $ 10,700 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 20,500 290,000 440,000 Exercise 11-11 Dividends on common and cumulative preferred stock LO C2 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 Dividend Rate Dividend per Preferred Number of Preferred Preferred Dividend Share Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 10,700 Year 2 20,500 Year 3 290,000 Year 4 440,000 Totals $ 761,200 $ 0 $ Prev 13 of 17 Next >