Required information The following information applies to the questions displayed below York's outstanding stock consists of 70,000 shares of 8.5% preferred stock with a $5 par value and also of common stock with a $1 par value. During its first four years o following total cash dividends: 290,000 shares f operation, the corporation declared and paid the 2015 total cash dividends 2016 total cash dividends 2817 total cash dividends 2818 total cash dividends $ 18,88e 27,780 245,800 395,e08 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. Assume that the preferred stock Dividend per Preferred Share" answers to 3 decimal places.) is noncumulative. (Round your f Preferred Dividend Rate Preferred Preferred Dividend Share Annual Preferred Dividencd nds in Paid to Common Paid to Dividend Paid Preferred Total Cash Arrears at nd 2015 2016 2017 2018 18,800 27,700 245,000 395,000 656,500 Total