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 $10,700 20,500 290,000 440,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 170,000 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.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Number of Preferred Preferred Dividend Share Shares Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Dividends in Paid to Common Arrears at year-end Year 1 $ 10,700 Year 21 20,500 Year 31 290,000 Year 4 440,000 Total: $ 761,200 $ 0 $