Year 1 total cash dividends Year 2 total cash dividende $10,900 19,000 Year 3 total cash dividends. 205,000 Year 4 total cash dividends 355,000 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 60,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 210,000 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. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Dividend Rate Share Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: $ 1.00 7.0% $ 0.210 60,000 Total Cash Dividends in Dividend Paid Paid to Preferred Paid to Arrears at Common year-end Year 1 S 10,900 $ 10,900 $ 0 Year 2 19,000 22,000 0 Year 3 205,000 0 Year 4 355,000 0 Total: $ 589,900 $ 32,900 $ 0