York$$s outstanding stock consists of $70,000$ shares of noncumulative $8\%$ preferred stock with a $$5$ par value and also $120,000$ 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:

Year $1$ total cash dividends $$15,000$ Year $3$ total cash dividends $$265,000$

Year $2$ total cash dividends $24,200$ Year $4$ total cash dividends $415,000$

Number of preferred shares $70,000$ Number of common shares $120,000$

Par value $-$ preferred $$5\mathrm{.}00$ Par value $-$ common $$1\mathrm{.}00$

Preferred dividend $\%7\mathrm{.}5\%$