3.York's outstanding stock consists of 80,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 250,000 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 $ 15,500 24,000 225,000 375,000 Required information The following information to the questions displayed below York's outstanding stock consists of 80,000 shares of 6.5 preferred stock with a $5 value and also 250.000 shares of common stock with a $1 par le During its first four years of operation, the corporation declared and paid the following total cash dividend Use the data in Exercise 13-to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred to com e hound your "Dividend per Preferred Share answer to 3 decimal places Preferred Dividend Rate Preferred P erred