2 Use the following Information for the Exercises below. (The following information applies to the questions displayed below) Year 1 total cash dividends Year 2 total cash dividende Year 3 total cash dividends Year 4 total cash dividends 10,000 21,700 245,000 395,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 70,000 shares of noncumulative 8.5% preferred stock with a $5 par value and also 290,000 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.) Par Value per Preferred Dividend Rate Dividend per Number of Preferred Preferred Preferred Dividend Share Share Shares Annual Preferred Dividend: Total Cash Dividend Pald Paid to Preferred Paid to Common Dividends in Arrears at year-end. Year 1 $ 18,800 Year 2 27,700 Year 3 245,000 Year 4 395,000 Total: $ 686,500 $ 0 $ 0