IE Exercise 11-12 (Static): Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 80,000 shates of cumulative 7,5% preferred stock with o $5 par value and also 200,000 shares of common stock with o $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common