Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 190,000 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. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,000 28,000 300,000 450,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Answer is not complete. Dividend Number of Dividend per Preferred Rate Preferred Shares Share Preferred Dividend Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Total Cash Dividend Paid $ 18,000 28,000 300.000 Dividends Paid to Paid to in Arrears Preferred Common at year-end 18,000 $ 0 $ 0 X 28,000 0 0 X 30,000 X 270,000 X 0 30,000 420,000 0 106,000 $ 690,000 450,000 796,000 $