Required information (The following information applies to the questions displayed below.) York's outstanding stock consists of 70,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 120,000 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. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 15,000 24,200 265,000 415,000 Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) 1 Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Share Share Shares Dividend Annual Preferred Dividend: $ 5.00 7.5% $ 0.375 70,000 26,250 Dividends in Total Cash Paid to Paid to Arrears at Dividend Paid Preferred Common year-end Year 1 $ 15,000 $ 15,000 $ 0 $ 15,000 Year 2 24,200 24,200 0 11,250 Year 3 265,000 Year 4 415,000 26,250 388,750 0 Totals $ 719,200 $ 65,450 $ 388,750 Dr 6: 4 19 Mau