e following information applies to the questions displayed below.] York's outstanding stock consists of 70,000 shares of 7.5% preferred stock with a $5 par value and also 120,000 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 2015 total cash dividends $ 15,000 2016 total cash dividends 24,200 2017 total cash dividends 265,000 2018 total cash dividends 415,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend per Number of Preferred Shares Preferred Dividend Dividend Rate Preferred Share Annual Preferred Dividend: Dividends in Arrears at Total Cash Paid to Preferred Paid to Common Dividend Paid 15,000 24,200 265,000 415,000 $719,200 ear-end 2015 2016 2017 2018 Totals