Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 10,700 20,500 290,000 440,000 rk's outstanding stock consists of 60,000 shares of cumulative 7.5% preferred stock with a $5 par value and also ,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared id the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)