Required information [The following information applies to the questions displayed below.] ork's outstanding stock consists of 85,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 260,000 shares of ommon stock with a \$1 par value. During its first four years of operation, the corporation declared and paid the following total cash ividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)