Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 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. 2016 total cash dividends 2017 total cash dividends $ 20,000 28,000 2018 total cash dividends 2019 total cash dividends $200,000 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Preferred Dividend Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Share Share Shares Annual Preferred Dividend: Dividends in Total Cash Paid to Paid to Arrears at Dividend Paid Preferred Common year-end 2016 $ 20,000 2017 28,000 2018 200,000 2019 350,000 Total: $ 598,000 $ 0 $ 0