Use the following information for the Exercises below. (Algo) [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 $ 9,100 19,000 295,000 445,000 es Exercise 11-12 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: 5.00 6.0% $ 0.300 70,000 $21,000 Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 11 $ 9,100 $ Year 2 19,000 9,100 $ 19,000 of 0 Year 3 295,000 0 Year 4 445,000 21,000 Total: $ 768,100 $ 49,100 $1 424,000 424,000 0