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Year 1 total cash dividends $ 2 0 , 0 0 0 Year 2 total cash dividends 2 8 , 0 0 0 Year 3

Year 1 total cash dividends $ 20,000
Year 2 total cash dividends 28,000
Year 3 total cash dividends 200,000
Year 4 total cash dividends 350,000
Yorks outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200,000 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.

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