Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 York's outstanding stock consists of 42,000 shares of cumulative 10.00% preferred stock with a $10 par value and also 105,000 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 2016 2017 2018 $ 34,000 35,250 87,000 132,000 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 2 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 2015 $ 2016 34,000 35,250 87,000 2017 2018 132,000 Total $ 288,250