Required Information Use the following information for the Exercises below. (Static) [The following information applies to the questions dispiayed'below] Exerclse 13-11 (Static) Dlvidends on common and noncumulatlve preferred stock LO C2 'ork's outst anding stock consists of 80,000 shares of noncumulaive 7.5% preferred stock with a $5 par value and also 200,000 hares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following otal cash dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your Dkickend per Preferred Share" anwer to 3 clecintal places.l