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[The following information applies to the questions displayed below.] Yorks outstanding stock consists of 75,000 shares of noncumulative 8.0% preferred stock with a $5 par

[The following information applies to the questions displayed below.] Yorks outstanding stock consists of 75,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 130,000 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 $ 18,600
Year 2 total cash dividends 28,000
Year 3 total cash dividends 270,000
Year 4 total cash dividends 420,000

Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)

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