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

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

Year $1$ total cash dividends $ $13,000$

Year $2$ total cash dividends $22,000$

Year $3$ total cash dividends $250,000$

Year $4$ total cash dividends $400,000$

Exercise $13-12($Algo$)$ Dividends on common and cumulative preferred LO C$2$

York$$s outstanding stock consists of $80,000$ shares of cumulative $6\mathrm{.}0\%$ preferred stock with a $$5$ par value and also $300,000$ 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: