Table B.1

Table B.2

Table B.3

Table B.4

On January 1, 2015, Eagle borrows $31,000 cash by signing a four-year, 8% installment note. The note requires four equal total payments of accrued interest and principal on December 31 of each year from 2015 through 2018. (Table B.1, Table B.2, Table B.3, and Table B.4)

Prepare an amortization table for this installment note.

Payments
	(A)	(B)	(C)	(D)	(E)
Period
Ending	Beginning	Debit Interest	Debit Notes	Credit	Ending
Date	Balance	Expense	Payable	Cash	Balance
2015	$31,000	$2,480
2016
2017
2018
Total		$2,480

Yorks outstanding stock consists of 51,000 shares of cumulative 9.50% preferred stock with a $10 par value and also 127,500 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	$	39,000
2016		41,700
2017		93,450
2018		138,450

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 2 decimal places.)

	Par Value per Preferred Share	Dividend Rate	Dividend per Preferred Share	Number of Preferred Shares	Preferred Dividend
Annual Preferred Dividend:
	Total Cash Dividend Paid	Paid to Preferred	Paid to Common	Dividends in Arrears at year-end
2015	$39,000
2016	41,700
2017	93,450
2018	138,450
Total	$312,600