Reference no: EM13899406

York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $ 5 par value and also 200,000 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:

2013 . . . . . . . . . . . . . . . . . . . . . . . . . $ 20,000
2014 . . . . . . . . . . . . . . . . . . . . . . . . . 28,000
2015 . . . . . . . . . . . . . . . . . . . . . . . . . 200,000
2016 . . . . . . . . . . . . . . . . . . . . . . . . . 350,000

Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined.