11 O Part 1 of 2 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) 33 Year 1 total cash dividends Year 2 total canh dividends Year 3 total cash dividends Year 4 total cash dividends $ 23,000 31,700 235,000 3B5,000 eBook References Exercise 11-12 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 90,000 shares of noncumulative 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Share Share Shares Dividend 7.5% 5 0.375 90,000 $ 33.750 Total Cash Paid to Paid to Dividends in Dividend Paid Preferred Common Arrears at year-end $ 23,000 5 23.000 s os 10.750 31.700 31.700 12.800 235.000 46,550 188.450 0 385,000 33.750 351.250 0 $ 674,700 $ 135.000 5 539,700 Year 1 Year 2 Year 3 Year 4 Total