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 $ 19,800 Year 2 total cash dividends 29,500 Year 3 total cash dividends 285,000 Year 4 total cash dividends 435,000 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 90,000 shares of noncumulative 70% preferred stock with a $5 par value and also 160,000 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 Number of Preferred Preferred Share Shares Preferred Dividend 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 Year 4 19,800 29.500 285,000 435.000 2 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 90,000 shares of noncumulative 70% preferred stock with a $5 par value and also 160,000 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 Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Pald Pald to Preferred Pald to Common Dividends in Arrears at year-end $ Year 1 Year 2 Year 3 Year 4 Total: 19,800 29,500 285,000 435.000 769,300 $ $ 0 $