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 $13,000 22,000 250,000 400,000 York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000 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.) Annual Preferred Dividend: Answer is complete but not entirely correct. Par Value per Preferred Share 5.00 Dividend Dividend Rate per Preferred Number of Preferred Preferred Dividend Share Shares 80,000 $24,000 ( 6.0 % $ 0.3000 Dividends Total Cash Dividend Paid fo Preferred Paid to Common in Arrears Paid at year end Year 1 $ 13,000 $ 13,000 $ 0$ 13,000 ( Year 21 22,000 22,000 00 13,000 Year 3 250,000 37,000 213,000 03 Year 41 400,000 24,000 376,000 0 Total: $685,000 $ 96,000 $589,000