Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends $ 19,800 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 29,500 285,000 435,000 York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Answer is complete but not entirely correct. Par Value per Preferred Dividend Rate Dividend per Preferred Number of Preferred Preferred Dividend Shares Share Share Annual Preferred Dividend: $ 5.00 7.0% $ 0.350 90,000 $ 31,500 Total Cash Dividends Dividend Paid to Preferred Paid to Common in Arrears Paid at year-end Year 1 $ 19,800 $ 19,800 $ 0 $ 0 Year 2 29,500 29,500 0 0 Year 3 285,000 31,500 253,500 0 Year 4 435,000 31,500 403,500 Totals $ 769,300 112,300 $ 657,000