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 $ 18,000 28,000 300,000 450,000 Exercise 11-11 Dividends on common and cumulative preferred stock LO C2 York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 190,000 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.) Dividend per Preferred Share Par Value per Preferred Share Dividend Rate Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: 5.00 7.5% $ 0.375 80,000 $ 30,000 Total Cash Dividend Paid Paid fo Preferred Dividends in Paid to Common Arrears at year-end Year 1 $ 18,000 $ 18,000 $ 0 Year 2 28,000 28,000 0 Year 3 300,000 0 Year 4 450,000 30,000 420,000 0 Totals $ 796,000 $ 76,000 $ 420,000