Required information [The following information applies to the questions displayed below.] 'ork's outstanding stock consists of 70,000 shares of cumulative 8.5% preferred stock with a $5 par value and also 290,000 shares of ommon stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash ividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)