Required information The following information applies to the questions displayed below York's outstanding stock consists of 60,000 shares of noncumulative 70% preferred stock with a $5 par value and also 210,000 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: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 10,900 19,000 205,000 355,000 Par Vlue per Dividend per Number of Preferred Dividend Preferred Dividend Rate Preferred Share Preferred Shares Share Annual Preferred Dividend: 5.00 70% 0.350 60,000 $ 21,000 Dividends in Arrears at year-end Paid to Total Cash Paid to Common Dividend Paid Preferred 2015 2016 2017 2018 Totals 10,900$ 10,900 9,000 39,000 21,000 89.900 $500,000 19,000 205,000 355,000 166,000 334.000