Required information [The following information applies to the questions displayed below.] Yorks outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 230,000 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 $ 17,700 Year 2 total cash dividends 26,000 Year 3 total cash dividends 215,000 Year 4 total cash dividends 365,000 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.)