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 $ 23,000 Year 2 total cash dividends 31,700 Year 3 total cash dividends 235,800 Year 4 total cash dividends 385,000 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 270,000 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 peld 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 Dividond Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end S Year 1 Year 2 Year 3 23,000 31,700 235,000 385,000 674,700 Year 4 Total: $