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Saved Year 1 total cash dividends $ 16,500 Year 2 total cash dividends 26,000 Year 3 total cash dividends 275,000 Year 4 total cash dividends 425, 000 York's outstanding stock consists of 80,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 140,000 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: (Round your "'Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Shares "Dividend" Share Share Annual Preferred Dividend: Dividends in Total Cash Paid to Paid to Arrears at Dividend Paid Preferred Common year-end Year 1 16,500 Year 2 26,000 Year 3 275,000 Year 4 425,000 Totals 742,500 of 7 Next >