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 65,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 220,000 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 2017 total cash dividends 9,300 17,500 2018 total cash dividends 2019 total cash dividends $ 210,000 360,000 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.) Dividend Rate Annual Preferred Dividend: Dividend per Preferred Share $ 0.300 Paid to Common Preferred Dividend $ 19,500 6.0% Paid to Preferred Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 9,300 17,500 210,000 360,000 $ 596,800 Number of P referred Shares 65,000 Dividends in Arrears at year-end 2016 2017 2018 2019 Totals $ 0 $ 0