Required information The following information applies to the questions displayed below.) York's outstanding stock consists of 65,000 shares of noncumulative 70% preferred stock with a $5 par value and also 110,000 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 $ 11,500 Year 2 total cash dividends 20,700 Year 3 total cash dividends260,000 Year 4 total cash dividends 410,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Answer is not complete. Dividend Par Value per Preferred Dividend per Number of Preferred Shares Preferred Dividend Rate Preferred Share $ 0.350 Annual Preferred Dividend 5.00 70% 65,000 $ 22,750 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share $ 5.00 Preferred Dividend Annual Preferred Dividend: Answer is not complete. Dividend Dividend Number of per Preferred Rate Preferred Shares Share 7.0% $ 0.350 65,000 Dividends Paid to Pald to In Arrears Preferred Common at year. end $ 11,500 20,700 $ 22,750 Total Cash Dividend Pald Year 2 Year 3 11,500 20,700 260,000 410,000 702,200 Year 4 | $ 22.750 54,950 387,250 $ 387250 Total: $