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 & total cash dividends $ 16,500 26,000 275,000 425,000 Exercise 13-10 Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 80,000 shares of noncumulative 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 Determine the amount of dividends paid each year to each of the two classes of stockholders preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)