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	$	15,000
Year 2 total cash dividends		24,200
Year 3 total cash dividends		225,000
Year 4 total cash dividends		375,000

Exercise 11-12 (Algo) Dividends on common and noncumulative preferred stock LO C2

Yorks outstanding stock consists of 80,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 250,000 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.)