Grouper Corporation issued 170,000, $5.30 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $377,000 of dividends to its preferred shareholders. In its second year, the company paid dividends of $1,425,000 to its preferred shareholders. What is the total annual preferred dividend supposed to be for the preferred shareholders? Preferred Dividends $ Calculate any dividends in arrears in years 1 and 2. (Do not leave any answer field blank. Enter Ofor amounts.) Year 1: $ Year 2: $ If the preferred shares were noncumulative rather than cumulative, how much dividend would the company likely have paid its preferred shareholders in year 2? (Round the amount per share to 2 decimal places, e.g. 12.50.) The likely amount is $ per share, for a total of $