Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 10,900 19,000 205,000 355,000 Exercise 11-13 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 60,000 shares of cumulative 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: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share Dividend Rate Dividend per Preferred Number of Preferred Preferred Dividend Share Shares Annual Preferred Dividend: $ 5.00 7.0% $ 0.350 60,000 $ 45,500 Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 10,900 Year 2 19,000 Year 3 205,000 Year 4 355,000 Totals $ 589,900 $ 0 $ 0