Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 70,000 shares of 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: preferred and common. Nso compute the total dividends pald to each class for the four years combined. Assume that the preferred stock is oncumulative. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend Number per of Preferred Preferred Preferred Dividend Share Shares Annual Preferred Dividend: 2015 2016 2017 2018 Total: Total Dividends Cash Paid to Paid to in Arrears Dividend Preferred Common at year- Paid end $ 18,800 27,700 245,000 395,000 $ 686,500