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 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: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 23,000 31,700 235,000 385,000 Exercise 13-8 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. Also compute the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Dividend Rate Par Value per Preferred Share $ 5.00 Dividend per Preferred Share $ 1.000 Preferred Dividend Annual Preferred Dividend: 7.5% Number of Preferred Shares 90,000 Dividends in Arrears at year-end Total Cash Dividend Paid Paid to Preferred Paid to Common $ 2015 2016 2017 2018 Total: 23,000 31,700 235,000 385,000 674,700 $ $ 0 $ 0