Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) York's outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 230,000 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. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 17,700 26,000 215,000 365,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 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.) Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividendi Par Value per Preferred Dividend Rate Share 5.00 Total Cash Paid to Dividend Paid Preferred Pald to Common Dividends in Arrears at year-end $ o $ 0 Year 1 Year 2 Year 3 Year 4 Total: 17.700 5 26,000 215,000 365,000 623,700 $ $ 0 S 0 S Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) York's outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 230,000 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. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 17,700 26,000 215,800 365,000 Exercise 11-11 Dividends on common and cumulative preferred stock LO C2 Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred 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 17,700 26,000 215.000 365.000 623,700 Totals $