Required information The following information applies to the questions displayed below.) York's outstanding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 270,000 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 23,000 31,700 235,000 385,000 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.) 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.) Answer is complete but not entirely correct. Dividend per Par Value per Preferred Share 5.00 Dividend Rate Number of Preferred Shares Preferred Dividend Share Annual Preferred Dividend: 7.5% 0.375 90,000 S 33.750 Total Cash Dividend Pald Paid to Preferred Paid to Common Dividends in Arrears at year and Year 1 Year 2 Year 23,000 31,700 235,000 385.000 674.700 23.000 31,700 33.750 33.750 122 200 Year 4 201 2508 351,250 552 500 Totals 15