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 ) total cash dividends Year 4 total cash dividends $ 18,800 27,700 245,000 395,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 70,000 shares of noncumulative 8.5% preferred stock with a $5 par value and also 290,000 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 Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Pald to Common Dividends in Arrears at year-end $ Year 1 Year 2 Year 3 Year 4 Total: 18,800 27,700 245.000 395,000 686,500 $