York’s outstanding stock consists of 85,000 shares of 6.0% preferred stock with a $5 par value and also 150,000 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 $ 13,900 2016 total cash dividends 23,500 2017 total cash dividends 280,000 2018 total cash dividends 430,000 rev: 11_29_2018_qc_cs-149901 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.)

year 1

13,900 preferred

year 2

23,500 preferred

year 3

39,100 preferred

240,900 common stock

year 4

preferred 25,500

common stock 404,500

Total:

Preferred 102,000

Common 645,400

Explanation:

85,000 x $5 par x 6% = 25,500 dividen per year

becuase the dividend is cumulative it will accumulate over time.

Also preferred stock has prefecente over common stock.

year 1  13,900 - 25,500  = 11,600 accumulated dividend for preferred stock

year 2 23,500 - 25,500 = 2000 accumulated dividend for preferred stock

year 3 280,000 - 25,500 = 254,500 dividend for previous year preferred stock

254,500 - 2000 - 11,600 = 240,900 dividends for common stock

year 4 430,000 - 25,500 = 404,500 dividends for common stock

year

answer: nobody

explanation:

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.