[The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 20,000 28,000 200,000 350,000 Exercise 13-12 (Static) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200,000 = common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following tota dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Dividend Rate Dividend per Preferred Number of Preferred Preferred Dividend Share Share Shares Annual Preferred Dividend: 5.00 7.5% 80,000 Total Cash Paid to Dividend Paid Preferred Paid to Common Dividends in Arrears at year-end Year 1 $ 20,000 $ 0 Year 2 28,000 Year 3 200,000 Year 4 350,000 Totals $ 598,000 $