Use the following information for the Exercises below. $($Algo$)$

Skip to question

$[$The following information applies to the questions displayed below.$]$

Year $1$ total cash dividends $ $18,800$

Year $2$ total cash dividends $27,700$

Year $3$ total cash dividends $245,000$

Year $4$ total cash dividends $395,000$

Exercise $11-13($Algo$)$ Dividends on common and cumulative preferred LO C$2$

York$$s outstanding stock consists of $70,000$ shares of cumulative $8\mathrm{.}5\%$ preferred stock with a $$5$ par value and also $290,000$ 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:

Note: Round your "Dividend per Preferred Share" answer to $3$ decimal places.Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

$\backslash$table$[[$Year $1$ total cash dividends,$$18,800$