Required information [The following information applies to the questions displayed below.] 'ork's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 hares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following otal cash dividends: eetermine 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.)