Required information [The following information applies to the questions displayed below.] A company's outstanding stock consists of 75,000 shares of 6.0% preferred stock with a $5 par value and also 240,000 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 $ 12,100 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 20,500 220,000 370,000 Use the data in Exercise 13-10 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.) Par Value per Preferred Dividend Rate Share Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 12,100 Year 2 20,500 Year 3 220,000 Year 4 370,000 Totals $ 622,600 $ 0 $