2 Use the following information for the Exercises below. (Static) [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 $ 20,000 28,000 200,000 350,000 nt rint rences Exercise 11-11 (Static) Dividends on common and noncumulative preferred stock LO C2 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: 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: Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Shares Dividend Dividends in Total Cash Dividend Paid Paid to Preferred $ 20,000 28,000 200,000 350,000 $ 598,000 Paid to Common Arrears at year-end