! Required information Use the following information for the Exercises below. [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 $ 15,500 24,000 225,000 375,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 80,000 shares of noncumulative 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: 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.) 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 6.5% $ 0.325 80,000 $ 26,000 Dividends in Arrears Total Cash Dividend Paid Paid to Preferred Paid to Common at year- end Year 1 $ $ 15,500 $ 0 $ 0 Year 2 0 Year 3 15,500 24,000 225,000 375,000 639,500 0 24,000 0 38,500 X 186,500 X 26,000 349,000 104,000 $ 535,500 Year 4 0 Total: $ $ 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end Year 1 $ Year 2 Year 3 15,500 24,000 225,000 375,000 639,500 Year 4 Totals $