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 $16,500 26,000 275,000 425,000 Exercise 11-11 Dividends on common and cumulative preferred stock LO C2 York's outstanding stock consists of 80,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 140,000 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 Number of Preferred Preferred Dividend Share Shares Annual Preferred Dividend: 5.00 7.0% S 0.350 80,000 $ 28,000 Total Cash Dividend Paid Paid to Preferred Year 1 $ 16,500 $ Paid to Common 16,500 $0$ year-end Dividends in Arrears at 11,500 Year 2 26,000 26.000 13,500 Year 3 275,000 13.500 41,500 0 Year 4 425,000 28,000 397,000 Totals $ 742,500 $ 84,000 $ 438,500 8 Navt >