Required information [The following information applies to the questions displayed below) York's outstanding stock consists of 60,000 shares of noncumulative 70% preferred stock with a $5 par value and also 210,000 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 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 10,900 19,000 205,000 355,000 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.) 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.) Annual Preferred Dividend: Preferred Dividend 21,000 5.00 Par Value per Dividend per Preferred Dividend Rate Preferred Share Share 7.0%S 0.350 Total Cash Paid to Paid to Dividend Paid Preferred Common $ 10,900 $ 10,900 19,000 19.000 205,000 355,000 $ 589,900 S 29,900 $ 0 Number of Preferred Shares 60,000 Dividends in Arrears at year-end Year 1 Year 2 Year 3 Year 4 Totals 0 0