Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below) York's outstanding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 270,000 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 Year 2 total cash dividends Year 3 total cash dividenda Year 4 total cash dividends $23,000 31.700 235,000 385,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 Determine the amount of dividends pald 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 Dividend Rate Dividend per Preferred Share Number of Preferred Shares Peeterred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 23,000 31,700 235,000 385.000 674,700 $ 0 $ 0