! Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 16,500 26,000 275,000 425,000 Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 80,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 140,000 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) X Answer is complete but not entirely correct. Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: $ 5.00 7.0% 0.350 80,000 $ 28,000 Total Cash Dividend Paid Year 1 $ Year 2 Dividends Paid to Paid to in Arrears Preferred Common at year-end $ 16,500 0 $ 26,000 28,000 x 247,000 X 0 28,000 397,000 $ 98,500 $ 644,000 16,500 26,000 275,000 425,000 742,500 Year 3 Year 4 Totals $