Required information [The following information applies to the questions displayed below. ] Year 1 total cash dividends $ 15,593 Year 2 total cash dividends 24,693 Year 3 total cash dividends 225,696 Year 4 total cash dividends 375,398 York's outstanding stock consists of 80,000 shares of cumulative 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: 225,000 375,000 639,500