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 80,000 shares of 7.5% preferred stock with a $5 par value and also 200,000 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: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 20,000 28,000 200,000 350,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Preferred Dividend Answer is not complete. Dividend Number of Dividend per Preferred Rate Preferred Shares Share 7.5%$ 0.375 80,000 Dividends Paid to Paid to Dralar In Arrears * Par Value per Preferred Share $ 5.00 Total Cash Dividend Annual Preferred Dividend: $ 30,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Annual Preferred Dividend: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 20,000 28,000 200,000 350,000 $ 598,000 Answer is not complete. Dividend Dividend Number of per Preferred Rate Preferred Preferred Dividend Share Shares 7.5% 0.375 80,000$ 30,000 Paid to Dividends Pald to Preferred Common in Arrears at year-end $ 20,000 s 0 28,000 0 0 30,000 0 s 78,000 $ 0 2015 9016 2017 2018 Totals