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Return to question Required information ach 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 com Share" answers to 3 decimal places.) bined. (Round your "Dividend per Preferred oints 3 Answer is complete but not entirely correct. DividendNumber of ar ue per Preferred Dividend Rate per Preferred Preferred PreferredDividend Shares Annual Preferred Dividend 5.00 7.5%.$ 0.3750 60,000 s 22,5000 en Total Cash Dividend Paid Paid to Preferred Common Paid to in Arrears at year en $ 10,700 10,700 S 2015 2016 2017 2018 Totals 20,500 290,000 440,000 761,200 S 76,200 S 68 20,500 2500267,500 22,500 417,500 Prev : 1 of 1 Next e completed so fer. It does not indicate completion. Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] Return to question York's outstanding stock consists of 60,000 shares of noncumulative 75% 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 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividenda 10,700o 20, 500 290,000 440,000 Exercise 11-9 Dividends on common and cumulative preferred stock Lo c2 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.) 3 Answer is complete but not entirely correct Dividendmhes of Par ValueD 1 of 1 44 PMM to search