Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 75,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 240,000 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 $ 12,100 20,500 220,000 370,000 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.) Dividend Rate Par Value per Preferred Share $ 5.00 Dividend per Number of Preferred Preferred Share Shares $ 0.300 75,000 Preferred Dividend Annual Preferred Dividend: 6.0% $ 22,500 Paid to Dividends in Total Cash Dividend Paid $ Year 1 Year 2 Year 3 Year 4 Total: 12,100 20,500 220,000 370,000 622,600 Paid to Preferred $ 12,100 20,500 22,500 22,500 $ 77,600 Common $ 0 0 197,500 347,500 $ 545,000 Arrears at year-end $ 12,100 20,500 220,000 370,000 $ Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Dividend Rate Par Value per Preferred Share $ 5.00 Dividend per Preferred Share $ 0.300 Preferred Dividend Annual Preferred Dividend: 6.0% Number of Preferred Shares 75,000 Dividends in Arrears at year-end $ 22,500 Total Cash Dividend Paid Paid to Preferred Paid to Common Year 1 $ $ $ 12,100 20,500 12,100 20,500 Year 2 0 Year 3 Year 4 220,000 370,000 622,600 Totals $ $ 32,600 $