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 $ 15,500 24,000 225,000 375,000 York's outstanding stock consists of 80,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 250,000 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 per Dividend Rate Preferred Number of Preferred Preferred Dividend Share Shares Annual Preferred Dividend: 5.00 6.5% $ 0.325 80,000 $ 26,000 Total Cash Paid to Paid to Dividends in Dividend Pald Preferred Arrears at Common year-end Year 1 $ 15,500 $ 15,500 Year 2 24,000 24,000 Year 3 225,000 26,000 199,000 Year 41 375,000 26,000 349,000 Total: $ 639,500 $ 91,500 $ 548,000