Required information (The following information applies to the questions displayed below.) York's outstanding stock consists of 70,000 shares 8.5% preferred stock with a $5 par value and also 290,000 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: $ 18,800 27,700 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends 245,000 395,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock Is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend Number of per Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Paid to Paid to Preferred Common Dividends in Arrears at year. end 2015 2016 2017 2018 Totals Total Cash Dividend Paid $ 18,800 27,700 245,000 395,000 $ 686,500