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 80,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 250,000 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 $ 15,500 24,000 225,000 375,000 Exercise 13-10 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 Rate Preferred Dividend Annual Preferred Dividend: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid 6.5% Paid to Preferred Dividend per Number of Preferred Preferred Share Shares 80,000 Dividends in Paid to Common Arrears at year-end $ 0 0 0 $ Year 1 Year 2 Year 3 Year 4 Total: 15,500 24,000 225,000 375,000 639,500 $ 0 $ 0 $ 0