Year I total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 20,000 28,000 200,000 350,000 Exercise 11-12 (Static) Dividends on common and noncumulative preferred stock LO York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value shares of common stock with a $1 par value. During its first four years of operation, the corporation declared total cash dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend per Number of Preferred Dividend Rate Preferred Preferred Dividend Shares Share Annual Preferred Dividend: Total Cash Dividend Paid Pald to Preferred Paid to Common Dividends in Arrears at year-end Year 1 S Year 2 Year 3 Year 4 Total: 20,000 28,000 200,000 350,000 598,000 $ $ $