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 85,000 shares of noncumulative70% preferred stock with a $5 par value and also 260,000 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. 2016 total cash dividends 19,100 2018 total cash dividends 2017 total cash dividends 230,000 380,000 27,700 2019 total cash dividends Exercise 11-8 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.) 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.) Par Value per Dividend per Share S 85,000.000 Number of Preferred Preferred Dividend Preferred Dividend Rate Preferred Share Shares Annual Preferred Dividend: Paid to Common Dividends in Arrears at Total Cash Paid to Preferred Dividend Paid 19,100 27,700 230,000 380,000 year-end 2016 2017 2018 2019 Total: 19,100 S 27,700 29,750 29,750 0 200,250 350,250 $ 656,800$ 106,300 S 550,500 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend per Number of Preferred Shares Preferred Dividend Dividend Rate Preferred Share Annual Preferred Dividend Dividends in Arrears at year-end Total Cash Paid to Preferred Paid to Common 2016 2017 2018 2019 Totals Dividend Paid 19,100 27,700 230,000 380,000 $656,800 S