Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] xercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 ork's outstanding stock consists of 75,000 shares of cumulative 6.0% preferred stock with a $5 par value and also 240,000 shares of ommon stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash ividends: lote: Round your "Dividend per Preferred Share" answer to 3 decimal places