Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below. xercise 13-11 (Algo) Dividends on common and noncumulative preferred stock LO C? ork's outstanding stock consists of 85,000 shares of noncumulative 6.0% preferred stock with a $5 par vaive and also 150,000 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: etermine 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.)