2 Required information. [The following information applies to the questions displayed below] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 13,200 22,000 240,000 390,000 York's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 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.) Number of Preferred Preferred Shares Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Annual Preferred Dividend $ 5.00 80% $ 0400 Dividends in Total Cash Paid to Paid to Accears at Dividend 60,000 $24,000