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 noncumulative 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: Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 20.000 28.638 200.88 350.ee Exercise 13-11 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 cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Preferred Dividend 30 000 Annual Preferred Dividend: Par Value per Dividend perNumber of Preferred Dividend Rate Preferred Preferred Share Share Shares $ 5.00 75% $ 0.375 80.000 Dividends in Total Cash Paid to Paid to Arrears at Dividend Paid Preferred Common year-end $ 20.000 s 20.000 Os10.000 28.000 28.000 200.000 350,000 30000 3 598.000 5 78 000 $ 320,000 Totals