Use the following information for the Exercises below. [The following information applies to the questions displayed below.] York's outstanding stock consists of 85,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 260,000 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 Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 19, 100 27,700 230,000 380,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Dividend Rate Share $ 5.00 7.0% Preferred Dividend Annual Preferred Dividend: Dividend per Number of Preferred P referred Share Shares $ 0.350 85,000 Paid to Dividends in Arrears at Common year-end $ 29,750 Year 1 Year 2 Year 3 Year 4 Total: Total Cash Dividend Paid 19,100 27,700 230,000 380,000 656,800 Paid to Preferred $ 19,100 27,700 29,750 29,750 $ 106,300 200,250 350,250 550,500 $