York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 170,000 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 $ 10, 700 Year 2 total cash dividends 20.500 Year 3 total cash dividends290,000 Year 4 total cash dividenda 440.000 Exercise 13-10 Dividends on common and noncumulative preferred stock LO C2 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.) Answer is complete but not entirely correct. Dividend Par Value per Preferred Dividend Rate Number of Preferred Shares Preferred Dividend Preferred Share Shar Annual Preferred Dividend: 5.00 7.0% $ 0.350 $ 21,000 60,000 Dividends in Arrears at year Total Cash Dividend Paid Paid to Preferred Paid to Common S $ Year 1 Year 2 Year 3 Year 4 Total: 10.700 20.500 290,000 440,000 761,200 10.700 20,500 29,000 23,800 84,000 10,300 10,800 2.000 261,000 416,000 677,000 $