Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends $ 16,500 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 26,000 275,000 425,000 York's outstanding stock consists of 80,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 140,000 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate 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 $ 16,500 Year 2 26,000 Year 3 275,000 Year 4 425,000 Total: $ 742,500