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 $395,000$

York$$s outstanding stock consists of $70,000$ shares of noncumulative $8\mathrm{.}5\%$ preferred stock with a $$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: