Check my work 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 11-11 Dividends on common and cumulative preferred stock LO C2 Use the data in Exercise 11-10 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.) Dividend Rate Par Value per Preferred Share 5.00 Preferred Dividend Annual Preferred Dividend: Dividend per Preferred Share $ 0.300 Pald to Common Number of Preferred Shares 70,000 Dividends in Arrears at year-end 6.0% Paid to Preferred $ 21,000 Year 1 $ 9,100 S Year 2 Year 3 Year 4 Totals Total Cash Dividend Paid $ 9,100 19,000 295,000 445,000 768,100 $ 9,100 $