Required information [The following information applies to the questions displayed below.] Year1totalcashdividendsYear2totalcashdividendsYear3totalcashdividendsYear4totalcashdividends$15,50024,000225,000 York's outstanding stock consists of 80,000 shares of cumulative 6.5% preferred stock with a $5 par value and also 250,000 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: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places