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 $ 10,900 19,000 205,000 355,000 Exercise 11-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 60,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 210,000 shares o 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 Dividend Rate Share Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end Year 1 Year 2 Year 3 $ 10,900 19,000 205,000 Year 4 355,000 Totals $ 589,900 $ $ 0