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 $ 13,900 23,500 280,000 430,000 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 85,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 150,000 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. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Answer is complete but not entirely correct. York's outstanding stock consists of 85,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid th total cash dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. > Answer is complete but not entirely correct. Par Value per Preferred Share Annual Preferred Dividend: $ 5.00 Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend 6.0% $ 0.300 85,000 $ 25,500 Dividends Total Cash Dividend Paid to Preferred Paid to Common in Arrears Paid at year- end Year 1 $ 13,900 $ 13,900 0 $ 11,600 Year 2 23,500 23,500 13,600 X Year 3 280,000 39,100 240,900 Year 4 430,000 25,500 404,500 Total: $ 747,400 $ 102,000 $ 645,400