Chapter 11 Homework Saved Help Save & Exit Submit Check my work Required Information [The following Information applies to the questions displayed below.) Part 1 of 2 2.5 York's outstanding stock consists of 90.000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 270,000 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. points eBook $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 23,880 31,780 235,000 385,800 Hint Print References Determine the amount of dividends pald 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 Year 1 $ Year 2 Year 3 23,000 31,700 235,000 385.000 Year 4