3 0.5 points Dividends Noncum The Company has Preferred Stock that is consisting of outstanding stock 90,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 160,000 shares of common stock with a $1 par value. During its first three years of operation, the corporation declared and paid the following total cash dividends: First calculate that amount of dividends that is due to noncumulative preferred stock each year given the above information: eBook (hint % X par value X outstanding shares) Print References 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.) Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends $19,800 29,500 285,000 Total Cash Paid to Non- Dividends in Cumulative Preferred Paid to Common Arrears at Year-end $19,800 Year 1 Year 2 $29,500 $285,000 Year 3 paid) Total for three years