The following inlormabion will be used for questions 6 through 10 . It is recommended that the student calculake dividends for arelecred stock and common stock by year before answeting the questions. xyz had 200,000 shares of its 520 , par value; 6 cumulatwo preferred stock and 500,000,52 par value common shares cut 5 anding foe the part theee years. Durine the past three years xrrz declared and paid dividends as follows Required: Determine the total dividends paid to preferred uockholders in Year 1. Round your answer to the nearest dollar