Required information [The following information applies to the questions displayed below.] Ork's outstanding stock consists of 70,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 120,000 shares common stock with a \$1 par value. During its first four years of operation, the corporation declared and paid the following total cash vidends: etermine the amount of dividends paid each year to each of the two classes of stocicholders: preferred and common. (Round your Pividend per Preferred Share" answer to 3 decimal places.) Required information [The following information applies to the questions displayed below.] Ork's outstanding stock consists of 70,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 120,000 shares common stock with a \$1 par value. During its first four years of operation, the corporation declared and paid the following total cash vidends: etermine the amount of dividends paid each year to each of the two classes of stocicholders: preferred and common. (Round your Pividend per Preferred Share" answer to 3 decimal places.)