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York's outstanding stock consists of 65,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 110,000 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 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 11,500 20,700 260,000 410,000 DOCS Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and com the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" places.) * Answer is complete but not entirely correct. Par Value per Preferred Share Dividend Rate Dividend per Preferred Share $ 0.350 Preferred Dividend Annual Preferred Dividend: $ 5.00 7.0% $ 22.750 Number of Preferred Shares 65,000 Dividends in Arrears at year- end $ 11,250 13,300 Paid to Preferred Paid to Common $ 2015 2016 2017 2018 Total: Total Cash Dividend Paid $ 11,500 20,700 260,000 410,000 $ 702,200 11,500 20,700 36,050 X 22,750 91,000 223,950 X 387,250 $ 611,200 $ 1,838 28