Reference no: EM132489218

York's outstanding stock consists of 90,000 shares of 7.5% preferred stock with a $5 par value and also 270,000 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 $ 23,000
2016 total cash dividends 31,700
2017 total cash dividends 235,000
2018 total cash dividends 385,000

Question 1: 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.)