7 Part 1 of 2 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) 0.9 points York's outstanding stock consists of 85,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 260,000 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. eBook Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 19, 100 27,700 230,000 380,000 001 Hint Print Exercise 13-10 Dividends on common and noncumulative preferred stock LO C2 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.) Par Value per Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ 19,100 Year 1 Year 2 Year 3 Year 4 27,700 230,000 380,000 656,800 Total: $ Part 2 of 2 Use the following information for the Exercises below. (The following information applies to the questions displayed below.] 0.9 points York's outstanding stock consists of 85,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 260,000 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. eBook Year 1 total cash dividends $ 19,100 Year 2 total cash dividends 27,700 Year 3 total cash dividends 230,000 Year 4 total cash dividends 380,000 004 Hint Print Exercise 13-11 Dividends on common and cumulative preferred stock LO C2 References Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ 19,100 27,700 Year 1 Year 2 Year 3 Year 4 Totals 230,000 380,000 $ 656,800