3 ! Part 1 of 2 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) 1.42 points York's outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 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. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 9,100 19,000 295,000 445,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 1.42 points Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 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.) X Answer is complete but not entirely correct. Par Value per Preferred Share Annual Preferred Dividend: $ 5.00 Total Cash Dividend Paid Dividend Number Dividend per of Preferred Rate Preferred Preferred Dividend Share Shares 6.0% $ 0.300 70,000 $ 21,000 Dividends Paid to Paid to in Arrears Prefe Common at year- end $ 9,100 $ 11,900 X 19,000 13,900 34,900 X 260,100 X 21,000 424,000 $ 84,000 $ 684,100 Year 1 $ 9,100 Year 2 19,000 295,000 Year 3 Year 4 445,000 768, 100 Total: $