2 York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with 3 a \$5 par value and also 200,000 shares of common stock with a $1 par value. During its 4 first four years of operation, the corporation declared and paid the following total cash 5 ilividends: Required: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Compute the total annual preferred dividend